GasBuddy releases weekly gas price update for Arizona

YUMA, Ariz. (KYMA, KECY) - Gasoline prices in Arizona have fallen 7.2 cents per gallon since last week.

According to a GasBuddy report, this averages to $4.16/g as of Monday, November 21, 2022.

Also, prices in Arizona are 23.0 cents per gallon lower than a month ago.

However, prices stands at 51.5 cents per gallon higher than a year ago.

In addition, the national price of diesel has declined 6.7 cents and sits at $5.28 per gallon.

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Overall, the cheapest station and lowest price in Arizona is $3.19/g.

On the other hand, the most expensive and highest price in Arizona is $6.10/g.

This is a difference of $2.91/g.

Moreover, the national price of gas has fallen 11.9 cents per gallon, averaging $3.64/g.

Historical gas prices and national average

As a matter of fact, here is a list of historical gas prices in Arizona and their national average dating back ten years:

• November 21, 2021: $3.64/g (U.S. Average: $3.39/g)
• November 21, 2020: $2.20/g (U.S. Average: $2.11/g)
• November 21, 2019: $2.90/g (U.S. Average: $2.60/g)
• November 21, 2018: $2.88/g (U.S. Average: $2.58/g)
• November 21, 2017: $2.48/g (U.S. Average: $2.52/g)
• November 21, 2016: $2.12/g (U.S. Average: $2.13/g)
• November 21, 2015: $2.07/g (U.S. Average: $2.08/g)
• November 21, 2014: $2.74/g (U.S. Average: $2.83/g)
• November 21, 2013: $3.09/g (U.S. Average: $3.21/g)
• November 21, 2012: $3.43/g (U.S. Average: $3.42/g)

Neighboring areas and their gas prices

Correspondingly, here is a list of neighboring areas and their gas prices:

• Las Vegas- $4.80/g, down 15.9 cents per gallon from last week's $4.96/g.
• Phoenix- $4.42/g, down 7.3 cents per gallon from last week's $4.49/g.
• Tucson- $3.51/g, down 4.0 cents per gallon from last week's $3.55/g.

Response from a GasBuddy representative

"What an incredible turnaround in the last week. While a decline was expected in more states than last week, I didn't expect every single state to hop on the bandwagon so quickly. But, it's terrific news as motorists prepare for Thanksgiving travel, with tens of thousands of stations under $3 per gallon, and thousands more to join in the next few weeks, barring a dramatic turnaround," said Patrick De Haan, head of petroleum analysis at GasBuddy.

"Everyone will be seeing relief at the pump this week, with even more substantial declines on the way as oil prices plummeted last week to briefly trade under $80 per barrel. It's not impossible that if oil markets hold here, we could see a national average of $2.99 around Christmas, certainly the gift that every motorist is hoping for. Drivers shouldn't be in a rush to fill up as prices will come down nearly coast-to-coast into the heavily traveled Thanksgiving holiday."