Today: Jun 03 , 2020

AZ Gas Prices Drop a Tiny Bit

16 November 2015   Patrick DeHaan, Gregg Laskoski, Will Speer, Jeff Pelton
It’s a tiny drop, but, any price drop is welcome news for motorists!

November 16- Average retail gasoline prices in Arizona have fallen 0.7 cents per gallon in the past week, averaging $2.12/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has fallen 5.0 cents per gallon in the last week to $2.16/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Arizona during the past week, prices yesterday were 67.1 cents per gallon lower than the same day one year ago and are 12.2 cents per gallon lower than a month ago. The national average has decreased 11.4 cents per gallon during the last month and stands 72.1 cents per gallon lower than this day one year ago.

"Terrorism and other geopolitical events always have the potential to bring havoc to Wall Street but early signs suggest that financial market reactions are subdued," said Gregg Laskoski, GasBuddy's senior petroleum analyst for the Northeast.

"That means Friday's events are not likely to be what drives the direction of crude oil and market fundamentals can be expected to push retail gasoline prices lower in the U.S. We're already seeing that as the national average today is 6 cents lower from a week ago and wholesale prices are also significantly lower," he added.

For a complete listing of current averages and other fuel price data, visit http://media.gasbuddy.com. For fuel news and alerts, follow @GasBuddyNews on Twitter.

About GasBuddy.com

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