11-Week Low Fuel Price Kicks Off Holiday Weekend

Phoenix, Ariz., May 24, 2012. As Memorial Day weekend begins, Arizona motorists are enjoying the seventh straight week of falling pump prices. Today’s statewide average is $3.760 per gallon, a drop of 3.6 cents from last week. Nationwide, the price of fuel shed 4.6 cents from last week to $3.676 per gallon. 

This week, the price of crude briefly dropped below $90 per barrel, a seven-month low for the commodity. The decrease in pump prices is a direct reflection of crude’s price drop.

While fuel prices have fallen to an 11-week low, Arizonans hitting the road this weekend will be met with the highest prices in Memorial Day history. To illustrate how current fuel prices compare to previous Memorial Day weekends, below is a list of statewide fuel averages for the week leading up to the holiday for the past five years:

Year

Arizona fuel average 
(per gallon)

Average cost to fill 
a 15-gallon tank

2008

$3.633

$54.49

2009

$2.140

$32.10

2010

$2.762

$41.43

2011

$3.689

$55.33

2012

$3.760

$56.40

“Though prices have fallen a dime since their March high, motorists have never paid this much for fuel heading into Memorial Day weekend,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “To offset these historically high prices, travelers who will drive to their destinations are likely to cut costs in other areas.”

Read AAA Arizona’s full Memorial Day travel forecast here.

Tucson and Flagstaff hold the low and high state fuel averages at $3.628 and $3.883 per gallon, respectively. South Carolina and Connecticut hold the low and high price extremes for the lower 48 states at $3.315 and $4.311 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)

$3.741

-4.2

$3.998

$3.806

$3.674

Flagstaff

$3.883

-2.9

$4.060

$4.021

$3.832

Glendale

$3.740

-4.9

$4.007

$3.831

$3.649

Peoria

$3.750

-4.0

$3.989

$3.856

$3.645

Phoenix (city)

$3.740

-4.6

$4.000

$3.853

$3.679

Pima County

$3.646

-2.8

$3.849

$3.931

$3.602

Prescott
(Tri-Cities)

$3.766

-2.9

$3.977

$3.870

$3.680

Scottsdale
(Scottsdale, Fountain Hills)

$3.838

-5.0

$4.115

$3.926

$3.771

Tucson

$3.628

-2.8

$3.842

$3.890

$3.595

Yuma

$3.844

-1.3

$4.031

$3.927

$3.735

Statewide

$3.760

-3.6

$3.991

$3.904

$3.692

National

$3.676

-4.6

$3.982

$3.974

$3.828

E-85

$3.215

-2.5

-

-

$3.281

*E85 MPG/BTU adjusted price

$4.231

-3.3

-

-

$4.317

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.