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AZ Gas Prices Inch Down By .3¢ Featured

Arizona gas prices continue to drop, however, they’re still the 10th highest in the nation.

Big Idea

  • Arizona gas prices have dropped an incremental 0.3¢
  • Phoenix gas prices have fallen 0.5¢, averaging $3.06/gal
  • The lowest price in Arizona is $2.69, the highest is $4.19
  • All eyes are on the Colonial Pipeline, which is dealing with a cyberattack which has completely shut all lines
  • Read more…

 

A cyberattack on the Colonial Pipeline may lead to higher prices

(May 10, 2021) - Phoenix gas prices have fallen 0.5 cents per gallon in the past week, averaging $3.06/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 3.4 cents per gallon lower than a month ago and stand 92.8 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.79/g today while the most expensive is $3.59/g, a difference of 80.0 cents per gallon. The lowest price in the state today is $2.69/g while the highest is $4.19/g, a difference of $1.50/g.

The national average price of gasoline has risen 4.5 cents per gallon in the last week, averaging $2.95/g today. The national average is up 10.0 cents per gallon from a month ago and stands $1.12/g higher than a year ago.

 

Historical gasoline prices in Phoenix and the national average going back ten years:
May 10, 2020: $2.13/g (U.S. Average: $1.83/g)
May 10, 2019: $3.20/g (U.S. Average: $2.86/g)
May 10, 2018: $2.92/g (U.S. Average: $2.86/g)
May 10, 2017: $2.24/g (U.S. Average: $2.33/g)
May 10, 2016: $2.16/g (U.S. Average: $2.20/g)
May 10, 2015: $2.74/g (U.S. Average: $2.66/g)
May 10, 2014: $3.50/g (U.S. Average: $3.66/g)
May 10, 2013: $3.44/g (U.S. Average: $3.56/g)
May 10, 2012: $3.79/g (U.S. Average: $3.73/g)
May 10, 2011: $3.75/g (U.S. Average: $3.95/g) 

 

Neighboring areas and their current gas prices:
Arizona- $3.07/g, down 0.3 cents per gallon from last week's $3.07/g.
Las Vegas- $3.56/g, up 4.1 cents per gallon from last week's $3.51/g.
Tucson- $2.88/g, down 1 cent per gallon from last week's $2.89/g.




"While average gas prices jumped last week as the nation continues to see COVID-19 recovery, all eyes are now on the Colonial Pipeline and the fact a cyberattack has completely shut all lines, leading to what could become a major challenge for fuel delivery," said Patrick De Haan, head of petroleum analysis for GasBuddy. "The situation is growing more intense each day that passes without the pipeline restarting, and motorists are advised to show extreme restraint or exacerbate and prolong the challenges. If the pipeline returns to service in the next day or two, the challenges will be minimal, but if full restart doesn't happen by then, we're likely to see a slight rise in gas prices, but more importantly, challenges for motorists needing fuel in Georgia, Tennessee, the Carolinas, Virginia, Northern Florida and surrounding areas. I'm hopeful the situation will quickly improve as multiple levels of government are involved, this may become a nightmare should it continue just ahead of the start of the summer driving season. GasBuddy will continue to watch the situation and update as necessary."

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

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Last modified on Monday, 10 May 2021 06:41
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

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