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AZ Gas Prices Drop 3.7¢

09 July 2018   Patrick DeHaan
Prices are still 66.5¢ higher than a year ago.

Arizona, AZ, July 9- Gasoline prices in Arizona have fallen 3.7 cents per gallon in the past week, averaging $3.03/g yesterday, according to GasBuddy's daily survey of 2,269 stations in Arizona. This compares with the national average that has fallen 0.3 cents per gallon versus last week to $2.85/g, according to GasBuddy.

Average gasoline prices on July 9 in Arizona have ranged widely over the last five years:

$2.37/g in 2017, $2.23/g in 2016, $2.70/g in 2015, $3.57/g in 2014 and $3.44/g in 2013. 

Including the change locally during the past week, prices yesterday were 66.5 cents per gallon higher than a year ago and are 5.9 cents per gallon lower than a month ago. The national average has dropped 6.1 cents per gallon during the last month and stands 60.0 cents per gallon higher than a year ago.

Areas near Arizona and their current gas price climate:
Las Vegas- $3.17/g, down 2.2 cents per gallon from last week's $3.20/g.
Phoenix- $3.03/g, down 2.4 cents per gallon from last week's $3.05/g.
Tucson- $2.71/g, down 1.1 cents per gallon from last week's $2.72/g.

"As gas prices saw their highest level on July 4 in four years, President Trump continues to try to push OPEC to produce more crude oil, but so far, it hasn't materialized into much anything. Gas prices have inched up in a majority of states and oil prices remain comfortably above $70 per barrel, with no significant relief any time soon," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "In addition, with a brief reminder of hurricane season as Beryl formed, there may be more worries that in the weeks ahead the Atlantic could churn out more storms, thus more risk of disruption in regards to oil or refinery infrastructure. There's little downward pressure on oil prices as we remain in the midst of the summer driving season, and unless we see credible evidence to suggest OPEC or other countries are producing more oil, we will likely continue to see gas prices drift higher."

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

About GasBuddy

GasBuddy is the technology company changing the way more than 75 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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