fbpx

AZ Gas Prices Drop 1.2¢ Featured

Gas prices drop 1.2¢ in Arizona

Big Idea

  • Phoenix gas prices have fallen .5¢
  • The lowest gas price in Arizona is $2.65/gal; the highest $4.09/gal
  • Nationally, the average price of gasoline is rising
  • Increase in price is likely to continue
  • Read more...

 

Last week saw the national average hit its highest level in two years... (May 3, 2021) - Phoenix gas prices have fallen 0.5 cents per gallon in the past week, averaging $3.05/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 5.4 cents per gallon lower than a month ago and stand 89.9 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.69/g today while the most expensive is $3.49/g, a difference of 80.0 cents per gallon. The lowest price in the state today is $2.65/g while the highest is $4.09/g, a difference of $1.44/g.

The national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.89/g today. The national average is up 1.8 cents per gallon from a month ago and stands $1.13/g higher than a year ago.

 

Historical gasoline prices in Phoenix and the national average going back ten years:
May 3, 2020: $2.15/g (U.S. Average: $1.75/g)
May 3, 2019: $3.20/g (U.S. Average: $2.90/g)
May 3, 2018: $2.87/g (U.S. Average: $2.82/g)
May 3, 2017: $2.25/g (U.S. Average: $2.36/g)
May 3, 2016: $2.15/g (U.S. Average: $2.22/g)
May 3, 2015: $2.66/g (U.S. Average: $2.62/g)
May 3, 2014: $3.50/g (U.S. Average: $3.68/g)
May 3, 2013: $3.43/g (U.S. Average: $3.52/g)
May 3, 2012: $3.82/g (U.S. Average: $3.80/g)
May 3, 2011: $3.74/g (U.S. Average: $3.97/g) 

 

 

Neighboring areas and their current gas prices:
Arizona- $3.05/g, down 1.2 cents per gallon from last week's $3.06/g.
Las Vegas- $3.50/g, up 2.5 cents per gallon from last week's $3.48/g.
Tucson- $2.89/g, down 1.3 cents per gallon from last week's $2.90/g.

 

"The nation's gas prices perked up again last week as oil prices advanced to fresh multi-year highs on Covid improvements overseas and the switch to summer gasoline, which is basically now complete," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Last week saw the national average hit its highest level in two years, and with continued recovery in gasoline demand, the increase in price is likely to continue into the future. Americans may now want to brace themselves for the possibility of a $3/gal national average in the weeks ahead, as demand remains strong as Americans take to the roads. The question going forward is how much demand will continue to recover and rise- will it lead to record summer gasoline demand? We indeed may see some weeks with new records as Americans get in their cars this summer- but the question is how many will do so? That will determine how much higher prices will go."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.

SOURCE GasBuddy

 

Rate this item
(0 votes)
Last modified on Monday, 03 May 2021 21:15
Published in Arizona News
Patrick De Haan

Patrick De Haan is the head of petroleum analysis for GasBuddy, and has developed into the leading source for reliable and accurate information on gas price hikes. Recognized as a gasoline price expert, Patrick brings to GasBuddy and our readers all his assets to help consumers by giving reliable and accurate price forecasts.The San Jose Mercury News dubbed Patrick "one of the nation's most accurate forecasters" in 2012.

Besides keeping people up-to-date on the best local gas prices, GasBuddy also offers other ways to save money at the pump.

https://www.gasbuddy.com

Social Media Profiles

PLG_K2_UEF_SOCIAL_FACEBOOK PLG_K2_UEF_SOCIAL_INSTAGRAM PLG_K2_UEF_SOCIAL_LINKEDIN PLG_K2_UEF_SOCIAL_TWITTER

Latest Tweets

RT @AP: Facebook and its Instagram and WhatsApp platforms are suffering an outage. The company said it was “aware that some people are havi…
Digiqole - News Magazine WordPress Theme version 2.0 released with lots of improvement https://t.co/VAqf5vloNy https://t.co/kmKM6LmHoe
👉 We are excited to announce that,📱 WPCafe is coming soon with iOS and Android APP! ✅ Download WPCafe Free :… https://t.co/DgSVA7Cr3I
Follow Themewinter on Twitter

Post Gallery

Arizona Recognizes Adoption Awareness Month

Governor Ducey Thanksgiving Message

So Many Things to Be Thankful For

1st Ever DEA Citizen's Academy a Resounding Success

RWOP Steps Up for Veterans

Representative Nguyen to Sponsor Anti-Communist Civics Education for Arizona Students

Gosar Recognized for Protecting American Seniors

Motorcycle Accident Results in Critical Injuries

Gosar Receives Censure from House, Endorsement from Trump