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Gas Prices Fell Slightly Last Week
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11 April 2016   Patrick DeHaan, Gregg Laskoski, Jeff Pelton, Will Speer
Gas Prices Still Lower than a Year Ago

Arizona, AZ, April 11- Average retail gasoline prices in Arizona have fallen 0.7 cents per gallon in the past week, averaging $2.11/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has fallen 1.2 cents per gallon in the last week to $2.04/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Arizona during the past week, prices yesterday were 20.3 cents per gallon lower than the same day one year ago and are 48.7 cents per gallon higher than a month ago. The national average has increased 15.6 cents per gallon during the last month and stands 34.9 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on April 11 in Arizona have ranged widely over the last five years:

$2.32/g in 2015, $3.41/g in 2014, $3.61/g in 2013, $3.87/g in 2012 and $3.61/g in 2011.

Areas nearby Arizona and their current gas price climate:

Las Vegas- $2.44/g, down 1.7 cents per gallon from last week's $2.46/g.

Phoenix- $2.14/g, down 1.1 cents per gallon from last week's $2.15/g.

Tucson- $1.95/g, down 4.8 cents per gallon from last week's $2.00/g.

“It’s especially rare in April to see the average price of gasoline dead even or slightly lower in some places than where it was in the prior week… and as encouraging as that news certainly is for U.S. motorists, unfortunately, it’s more of an anomaly than a trend. But it’s still a very good harbinger of the savings 2016 is expected to bring,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“What caused it? We've been fortunate that 2016 delivered a successful and largely uneventful transition by refineries to the ‘summer blend’ fuel formulation which has been completed in California and is nearing completion almost everywhere else. Concurrent output through March and early April matches levels not seen since 2005,” Laskoski added. “So the healthy inventory in advance of demand has helped flatten prices, but we don’t expect that to last when summer travel kicks into high gear.”

For LIVE fuel price averages, visit http://media.gasbuddy.com.

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.