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Arizona Average Retail Gas Prices Drop Another 2¢

23 October 2017   Patrick DeHaan
Gas prices in Arizona are just slightly lower than the national average.

Arizona, AZ, October 23- Average retail gasoline prices in Arizona have fallen 2.0 cents per gallon in the past week, averaging $2.43/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has fallen 1.6 cents per gallon in the last week to $2.44/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Arizona during the past week, prices yesterday were 29.2 cents per gallon higher than the same day one year ago and are 3.5 cents per gallon lower than a month ago. The national average has decreased 12.0 cents per gallon during the last month and stands 22.2 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on October 23 in Arizona have ranged widely over the last five years:

$2.14/g in 2016, $2.18/g in 2015, $3.03/g in 2014, $3.21/g in 2013 and $3.68/g in 2012.

Areas near Arizona and their current gas price climate:

Las Vegas- $2.66/g, up 0.4 cents per gallon from last week's $2.65/g.

Phoenix- $2.32/g, down 0.9 cents per gallon from last week's $2.33/g.

Tucson- $2.31/g, down 1.4 cents per gallon from last week's $2.33/g.

"The national average gas price is lower for the sixth straight week, the longest such decline since the summer of 2016," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Perhaps even more wild is that the national average has now remained under $3 per gallon for nearly 3 years, or 1,087 days as the days of cheap oil have continued. While recent actions from OPEC may cause oil prices to hold above the key $50 per barrel level, there is no threat of a quick return to the $3 per gallon days. In fact, the national average may continue to decline for a few weeks before leveling off as gasoline inventories continue to heal after Harvey. The future isn't all roses, however- some areas of the Midwest have seen prices rise as refineries undergo seasonal maintenance and inventories in the region remain tight, keeping prices elevated. Regional hotspots like this may continue in the weeks ahead as gas stations come closer to fully passing along lower gas prices after Harvey and now become subject to new factors driving prices up and down."

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com

About GasBuddy

GasBuddy is the technology company changing the way more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.

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