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AZ Gas Prices Fall By a Penny
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23 January 2017   Patrick DeHaan, Gregg Laskoski

Slight drop in gas prices as people wait to see how new administration affects the market. 

Arizona, AZ, January 23- Average retail gasoline prices in Arizona have fallen 1 cent per gallon in the past week, averaging $2.16/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has fallen 3.2 cents per gallon in the last week to $2.30/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Arizona during the past week, prices yesterday were 30.3 cents per gallon higher than the same day one year ago and are 8.0 cents per gallon higher than a month ago. The national average has increased 1.9 cents per gallon during the last month and stands 46.6 cents per gallon higher than this day one year ago.

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

$1.86/g in 2016, $1.89/g in 2015, $3.22/g in 2014, $3.11/g in 2013 and $3.34/g in 2012.

Areas near Arizona and their current gas price climate:

Las Vegas- $2.41/g, flat  from last week's $2.41/g.

Phoenix- $2.13/g, flat  from last week's $2.13/g.

Tucson- $2.14/g, down 2.0 cents per gallon from last week's $2.16/g.

"Last week ended with President Trump's Inauguration and we saw the benchmark WTI crude close up more than $1 per barrel from the previous day... Coincidence?” asks Gregg Laskoski, senior petroleum analyst for GasBuddy.

One of the first announcements made by the new Administration was its 'America First Energy Plan' which states that "Producing more energy is in America’s national security interest. It said: "President Trump is committed to achieving energy independence from the [Organization of Petroleum Exporting Countries] cartel and any nations hostile to our interests.  At the same time, we will work with our [Persian] Gulf allies to develop a positive energy relationship as part of our antiterrorism strategy.”

While it's too soon to speculate what such a plan might mean in the long term for prices at the pump, for now we expect another week of nominal decreases in retail gas prices," added Laskoski.  "Refineries are unloading winter-blend gasoline at 'fire sale' prices."

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

About GasBuddy

GasBuddy is the technology company changing the way more than 60 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 60 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.