Arizona, AZ September 26- Average retail gasoline prices in Arizona have fallen 1.2 cents per gallon in the past week, averaging $2.09/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has fallen 0.7 cents per gallon in the last week to $2.20/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Arizona during the past week, prices yesterday were 24.4 cents per gallon lower than the same day one year ago and are 3.0 cents per gallon higher than a month ago. The national average has decreased 1 cent per gallon during the last month and stands 8.4 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on September 26 in Arizona have ranged widely over the last five years:
$2.33/g in 2015, $3.28/g in 2014, $3.32/g in 2013, $3.69/g in 2012 and $3.40/g in 2011.
Areas nearby Arizona and their current gas price climate:
Las Vegas- $2.44/g, flat from last week's $2.44/g.
Phoenix- $2.08/g, down 1.2 cents per gallon from last week's $2.09/g.
Tucson- $1.91/g, down 0.6 cents per gallon from last week's $1.91/g.
Overall, gas prices across the U.S. begin the week moving lower in 40 of 50 states.
"It's been almost a week since service has been restored to Colonial Pipeline's Line #1, a major gasoline source for the southeast and Atlantic seaboard..." said Gregg Laskoski, senior petroleum analyst for GasBuddy. "While it appears that retail gas prices have peaked in 4 of the 6 states hit hardest (AL, GA, NC, SC, TN, VA) by the pipeline damage & shutdown, and those averages are now ebbing lower, statewide averages continue to climb in two states: Tennessee ($2.16/gal) and Virginia ($2.10/gal). Those states' averages were at $2.14 and $2.08 respectively on Sept. 20th, the day before service was restored.
"While it appears that the worst may be behind us, we're not out of the woods yet, where gasoline inventory levels are concerned," he added. "The overall drop in gasoline inventory tied to Colonial Pipeline was approximately 8.5 million barrels. To put that in perspective, in the two weeks following Hurricane Katrina, east coast gasoline inventories shed 3.3 million barrels."
For LIVE fuel price averages, visit http://media.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.