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AZ Gas Prices Lowest in Three Years @ $2.14/gal

27 April 2020   Patrick DeHaan
Arizona gas prices drop another 2.9¢ this week.

(April 27, 2020) - Arizona gas prices have fallen 2.9 cents per gallon in the past week, averaging $2.14/g today, according to GasBuddy's daily survey of 2,269 stations. Gas prices in Arizona are 31.7 cents per gallon lower than a month ago and stand 99.0 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Arizona is priced at $1.28/g today while the most expensive is $3.09/g, a difference of $1.81/g. The lowest price in the state today is $1.28/g while the highest is $3.09/g, a difference of $1.81/g.

The national average price of gasoline has fallen 4.4 cents per gallon in the last week, averaging $1.74/g today. The national average is down 25.6 cents per gallon from a month ago and stands 115.1 cents per gallon lower than a year ago.

Historical gasoline prices in Arizona and the national average going back ten years:
April 27, 2019: $3.13/g (U.S. Average: $2.89/g)
April 27, 2018: $2.89/g (U.S. Average: $2.80/g)
April 27, 2017: $2.29/g (U.S. Average: $2.40/g)
April 27, 2016: $2.13/g (U.S. Average: $2.15/g)
April 27, 2015: $2.48/g (U.S. Average: $2.54/g)
April 27, 2014: $3.48/g (U.S. Average: $3.70/g)
April 27, 2013: $3.45/g (U.S. Average: $3.50/g)
April 27, 2012: $3.84/g (U.S. Average: $3.82/g)
April 27, 2011: $3.72/g (U.S. Average: $3.88/g)
April 27, 2010: $2.87/g (U.S. Average: $2.84/g) 

Neighboring areas and their current gas prices:
Las Vegas- $2.40/g, down 4.4 cents per gallon from last week's $2.44/g.
Phoenix- $2.21/g, down 8.6 cents per gallon from last week's $2.30/g.
Tucson- $1.89/g, down 4.7 cents per gallon from last week's $1.94/g.

"Unsurprisingly, for the ninth straight week average gas prices have fallen across every state in the country, with more downward potential likely, especially in today's highest priced states," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While much of the talk last week was about the West Texas Intermediate benchmark falling to $0 per barrel and then into negative territory, it was very isolated and oil eventually rebounded back to the current $15 per barrel level. As a result, gasoline prices will likely remain subdued until meaningful demand for petroleum returns, and that may not be for weeks or perhaps longer. In addition, every day until OPEC's oil production cut come into force May 1 is another day where global supply drastically outpaces demand, flooding the market with more oil, prolonging the time gas prices will remain low- something that easily could last into the summer, when motorists may be better positioned to take advantage."

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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