GasBuddy releases update on Arizona’s gas prices

YUMA, Ariz. (KYMA, KECY) - Average gasoline prices in Arizona have fallen 8.6 cents per gallon in the last week.

For that reason, in a new GasBuddy report, the new Arizona gas price averages to $4.36/g.

However, prices in Arizona are 30.4 cents per gallon higher than a month ago, and 95.8 cents per gallon higher than a year ago.

Comparatively, the cheapest station in Arizona and the lowest price is $3.35/g as of Sunday.

On the other hand, the most expensive and highest price stands $6.09/g.

Overall, this is a $2.74/g difference.

Historical gas prices and national average

At any rate, here is a list of historical gas prices and their national average dating back ten years:

• October 24, 2021: $3.40/g (U.S. Average: $3.36/g)
• October 24, 2020: $2.24/g (U.S. Average: $2.15/g)
• October 24, 2019: $2.89/g (U.S. Average: $2.61/g)
• October 24, 2018: $2.96/g (U.S. Average: $2.84/g)
• October 24, 2017: $2.44/g (U.S. Average: $2.45/g)
• October 24, 2016: $2.14/g (U.S. Average: $2.22/g)
• October 24, 2015: $2.18/g (U.S. Average: $2.20/g)
• October 24, 2014: $3.02/g (U.S. Average: $3.06/g)
• October 24, 2013: $3.21/g (U.S. Average: $3.31/g)
• October 24, 2012: $3.68/g (U.S. Average: $3.62/g)

Neighboring areas and their current gas prices

At the same time, here is a list of of neighboring areas and their current gas prices:

• Las Vegas- $4.99/g, down 20.9 cents per gallon from last week's $5.20/g.
• Phoenix- $4.69/g, down 10.2 cents per gallon from last week's $4.79/g.
• Tucson- $3.61/g, down 7.2 cents per gallon from last week's $3.68/g.

GasBuddy representative's response

"Average gas prices have declined for the second straight week with significant declines in the West and Great Lakes having an oversized effect on the drop in the national average," said Patrick De Haan, head of petroleum analysis at GasBuddy.

Additionally, "With oil prices struggling a bit after reaching $93 after OPEC+'s decision to cut production, many regions could see falling gas prices again this week as demand continues to decline seasonally, especially if more data points to a significant economic slowdown."

Lastly, "While gasoline prices have seen a large drop, diesel prices have been somewhat mixed, with prices heading higher in the Northeast as inventories drop to extremely tight levels ahead of the heating oil season. Motorists are reminded that the decline in gasoline prices is seasonal and should continue into the fall, and is unrelated to the coming election. Seasonality is king in driving prices, not the desires or hopes of politicians."