10 Weeks of Falling Prices Celebrated with 10 Fun Fuel Facts

 

Phoenix, Ariz., June 14, 2012. Blazing summer temperatures may be settling in, but the price of price of fuel continues to cool off. Statewide, drivers are paying an average of $3.612 per gallon, a drop of nearly six cents from last week. Nationwide, the price of fuel decreased nearly three cents to $3.532 per gallon.

This week marks the tenth consecutive week of falling fuel prices for Arizonans. In honor of this, AAA Arizona is revealing 10 fascinating facts about today’s retail prices:

  • The state average has fallen nearly five percent – or 18 cents – over the last month.
     
  • Prices are at their lowest level statewide since February 24th. 
  • Today, Arizona’s median fuel price is $3.599.
     
  • The most common price posted at stations around the state is $3.599, down from $3.659 last week and $3.779 last month.
     
  • Year-to-date prices are averaging $3.676 versus $3.418 per gallon in 2011.
     
  • The majority of Arizona gas stations – about 94 percent – are priced above $3.50 per gallon.
     
  • Last month, 66 percent of stations across the state were priced above the $3.75 mark. Currently, only 13 percent of stations are priced above this point.
     
  • The lowest 1 percent priced stations in the state average $3.453 per gallon, a drop of 12 cents from the lowest 1 percent priced stations last month.
     
  • The highest 1 percent of Arizona stations average $4.039 per gallon. A month ago, the highest 1 percent of stations averaged $4.253 per gallon.
     
  • There are currently 18 states that hold higher retail fuel averages than Arizona.


“With the second summer holiday just weeks away, current price trends are likely to influence the decisions of consumers who have yet to make travel plans,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “Given current market factors, there is no reason why retail prices should not continue to drop as they have over the last 10 weeks.”

AAA will release its Fourth of July travel forecast on Tuesday, June 19.
 

Tucson and Flagstaff hold the low and high state fuel averages at $3.515 and $3.770 per gallon, respectively. South Carolina and Washington hold the low and high price extremes for the lower 48 states at $3.105 and $4.088 per gallon, respectively.
 


City

Today’s Price

Change from last week

Premium

Diesel

Last Year’s Price

East Valley
(Mesa, Gilbert, Chandler, Tempe, Ahwatukee, Apache Junction, Queen Creek)

$3.559

-6.9

$3.819

$3.579

$3.550

Flagstaff

$3.770

-5.2

$3.930

$3.846

$3.783

Glendale

$3.569

-6.1

$3.837

$3.590

$3.541

Peoria

$3.577

-6.4

$3.824

$3.558

$3.525

Phoenix (city)

$3.576

-6.3

$3.838

$3.624

$3.552

Pima County

$3.532

-5.1

$3.749

$3.721

$3.492

Prescott
(Tri-Cities)

$3.656

-3.5

$3.918

$3.645

$3.542

Scottsdale
(Scottsdale, Fountain Hills)

$3.650

-7.0

$3.938

$3.704

$3.658

Tucson

$3.515

-5.0

$3.736

$3.668

$3.480

Yuma

$3.730

-4.2

$3.921

$3.692

$3.625

Statewide

$3.612

-5.8

$3.840

$3.687

$3.585

National

$3.532

-2.8

$3.837

$3.805

$3.696

E-85

$3.123

-1.1

-

-

$3.205

*E85 MPG/BTU adjusted price

$4.109

-1.5

-

-

$4.218


As an advocacy organization representing the motoring public, AAA offers a variety of free resources to help motorists keep fuel budgets in check, including: 

  • AAA Gas Price Alerts (AAA.com/gasalerts) offers users weekly fuel price text alerts.

*The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units. The BTU-adjusted price is calculated and displayed as part of AAA's Fuel Gauge Report because according to the Energy Information Administration, E-85 delivers approximately 25 percent fewer BTUs by volume than conventional gasoline. Because "flexible fuel" vehicles can operate on conventional fuel and E-85, the BTU-adjusted price of E-85 is essential to understanding the cost implications of each fuel choice for consumers.

AAA’s Fuel Gauge Report includes data from gasoline stations in every Arizona community. Local prices in some communities might be higher or lower than the averages shown here. This service is updated daily by the Oil Price Information Service (OPIS) with average national, state and local prices for gasoline, diesel and E-85. Every day more than 100,000 stations are surveyed in cooperation with Wright Express for unmatched statistical reliability.