Today: Jun 06 , 2020

Arizona Weekly Gas Price Update and Outlook

09 February 2015   Patrick DeHaan, Gregg Laskoski, Allison Mac

Prices rising.

February 9- Average retail gasoline prices in Arizona have risen 10.6 cents per gallon in the past week, averaging $2.00/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has increased 12.6 cents per gallon in the last week to $2.17/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Arizona during the past week, prices yesterday were 120.9 cents per gallon lower than the same day one year ago and are 4.3 cents per gallon lower than a month ago. The national average has increased 1.7 cents per gallon during the last month and stands 110.7 cents per gallon lower than this day one year ago.

“This past week gasoline prices saw the largest weekly incline since July, 2013. While the pace of increases will slow in the week ahead, we're looking at continued gas price increases over the next few weeks. Oil prices have risen, contributing to the higher prices, but also worrisome are the refinery strikes initiated over the last week that have oil companies scrambling to keep refineries online. Just yesterday, more strikes hit refineries in the Midwest, and while the strikes are not currently a contributor to higher gasoline prices, should there come a time when the strikes cause less production of refined fuels, motorists can expect spikes," said Patrick DeHaan, senior petroleum analyst with GasBuddy. "But while gasoline prices have rebounded, diesel consumers have not seen the massive spikes that their gasoline counterparts have. In fact, diesel prices will likely continue to slowly drift lower," DeHaan noted.

In the last week, the percentage of gas stations selling under $2/gal has shrunk by a large margin: a week ago, more than half of all gas stations were under $2.00/gal, but now just 27% are selling under $2/gal. Similarly, the number of stations charging over $2.25/gal has risen from 17% a week ago to 31% currently. A fuel price map showing changes in gas prices versus last week is attached, "Feb9.png"

As of Sunday night, some of the largest increases across the U.S. in the last week: Danville, IL: up 31.6c/gal, Bloomington/Normal, IL: up 27.4c/gal, Cape Girardeau, MO: up 26.7c/gal, Toledo, OH: up 25.6c/gal, Huntington, WV: up 25.2c/gal, Wichita, KS: up 24.9c/gal. A complete listing of the biggest movers can be accessed here:http://media.gasbuddy.com/#BiggestMovers 

AboutGasBuddy.com

GasBuddy is the premiere source for real-time local gas prices. Founded in 2000,GasBuddy.comdeveloped as an initiative to provide consumers access to local, current gas prices. Through theGasBuddy.comwebsite and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.

 

 

feb9 fuelaverage