Gas is Down to $1.99 in Some Parts of the Country - Not Arizona

27 March 2020  
Most of Arizona’s gasoline comes from California. That is costly.

So, why do people in Arizona pay such high prices as compared to New Mexico? The average prices are about 45¢ higher in Arizona than New Mexico.

According to the Arizona Attorney General’s website:

According to GasBuddy, here are the best prices in Arizona, but you have to head to Tucson to get this bounty:

Looking at the Prescott area, prices are quite a bit higher. But if you have a Costco card, you could save a big chunk.

Here is the national perspective from GasBuddy:

BOSTON (March 27, 2020)– GasBuddy, the travel and navigation app that is used by millions of drivers to save money on gas, reports that the U.S. national average for gasoline has just fallen to $1.99 per gallon, the first time since March 23, 2016. The national average could even dip to $1.49 by mid-April, the lowest since 2004, with potentially hundreds of stations pushing their price to 99 cents per gallon for the first time since the early 2000’s.

Gasoline prices have continuously dropped nationwide since Feb 20, 2020 as the coronavirus crushes the demand for oil and lockdowns reduce driving and keep Americans home. The price drops have been so swift and severe that it could take gas stations weeks to fully pass along the lower prices.

More than half (29) of U.S. states are currently seeing average prices less than $2 per gallon. In the last week, 99 cent prices have shown up at various times in Kentucky, Tennessee, Oklahoma, Wisconsin and Missouri and more could join in the days and weeks ahead. An additional drop of 25-65 cents is possible in most states, while West Coast states including California could see prices drop 50 cents to a dollar per gallon over the next few weeks.

"This is an unprecedented event. We’re experiencing one of the biggest historical collapses in gas prices, including the Great Recession of 2008,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “World demand for oil has plummeted virtually overnight while domestic demand for gasoline continues to fall off a cliff with more states implementing shelter-in-place orders. Prices will continue to fall in the days ahead with currently no end in sight. Motorists need not be in any hurry to fill up, and those who do should be shopping around as prices will continue to race lower. While some lucky Americans may be able to fill for 99 cents per gallon.”

Below $1.99 per Gallon Average in Recent History

2016: The last time the national average has been this low was March 23, 2016, caused by a crash in the oil market. During that period, the national average stayed below $1.99 for nearly three months, from January 2 through March 23, bottoming at $1.66 per gallon on February 14.

2009: The Great Recession pushed the national average below $1.99 per gallon for roughly four months from November 20, 2008 to March 25, 2009, bottoming at $1.59 on December 29, 2008. Prices eventually staged a major recovery in 2010 and stayed high until 2014.

The full release and graphic can be found here:

About GasBuddy

For budget-minded drivers, GasBuddy is the travel and navigation app that is used by more North American drivers to save money on gas than any other. Unlike fuel retailer apps, as well as newer apps focused on fuel savings, GasBuddy covers 150,000+ gas stations in North America, giving drivers 27 ways to save on fuel. That’s why GasBuddy has been downloaded nearly 90mm times – more than any other travel and navigation app focused on gas savings. GasBuddy’s publishing and software businesses enable the world’s leading fuel, convenience, QSR and CPG companies to shorten the distance between the North American fueling public and their brands. For more information, visit www.gasbuddy.com.

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Lynne LaMaster

Lynne LaMaster is the Founder and Editor of the eNewsAZ Network of websites. She asks a lot of questions! In her spare time, she loves photography, cooking and hanging out with her family.