Arizona’s Multi-Month Pump Price Drop May Soon End

AAA reflects on July fuel trends, provides August outlook

Phoenix, August 2, 2012. The beginning of August may signal the end of Arizonans multi-month price drop, according to AAA Arizona. This week, the statewide average fell 1.6 cents to $3.278 per gallon, while the national average increased 4.4 cents to $3.534 per gallon. 
 

After analyzing July pricing data, AAA fuel experts have identified the following fuel trends for July 2012 as well as an outlook for August prices: 

 

  • Arizona’s average gas price decreased 4.4 percent or 15 cents a gallon over the month of July, while the national average gas price increased 5.1 percent or 17 cents a gallon.
     
  • The state and nationwide average per gallon price of gasoline in July was nearly identical at $3.41 and $3.42, respectively. This was the third-highest average price for July ever recorded for both averages.  
     
  • Arizona’s August average has declined six out of the previous 10 years, while the national average has declined seven out of the previous 10 years. For August 2012, AAA predicts that state and nationwide averages will experience a small increase for the first time since 2009.

 

“Week over week price declines have narrowed recently, indicating that the pump price relief Arizonans have enjoyed over the last four months may soon come to an end,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “Barring unforeseen circumstances, this  uptick should be short-lived and prices should again move lower once the summer driving season ends and refineries transition to less expensive winter fuel blends.”

 

Tucson and Flagstaff hold the low and high state fuel averages at $3.167 and $3.526 per gallon, respectively. South Carolina and Connecticut hold the low and high price extremes for the lower 48 states at $3.239 and $3.828 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)

$3.206

-0.3

$3.456

$3.583

$3.295

Flagstaff

$3.526

-0.3

$3.692

$3.752

$3.591

Glendale

$3.208

-0.4

$3.483

$3.612

$3.293

Peoria

$3.189

-3.0

$3.444

$3.552

$3.283

Phoenix (city)

$3.208

-1.1

$3.465

$3.604

$3.308

Pima County

$3.184

-2.2

$3.402

$3.635

$3.301

Prescott
(Tri-Cities)

$3.282

-6.3

$3.502

$3.661

$3.380

Scottsdale
(Scottsdale, Fountain Hills)

$3.293

-4.1

$3.563

$3.653

$3.400

Tucson

$3.167

-2.0

$3.391

$3.598

$3.285

Yuma

$3.422

-3.0

$3.615

$3.612

$3.491

Statewide

$3.278

-1.6

$3.494

$3.640

$3.372

National

$3.534

+4.4

$3.814

$3.786

$3.703

E-85

$3.234

+3.9

-

-

$3.279

*E85 MPG/BTU adjusted price

$4.256

+5.1

-

-

$4.316

 

 

Motorists can have a chance at fueling their gas budgets for free by entering the AAA Insurance gas sweepstakes. By requesting a no-obligation insurance quote, participants will be entered to win a year’s supply of gas. Each contestant will also be entered to win a $500 gas card. Get your auto insurance quote online, visit your nearest AAA office, or call toll-free 1-866-298-1232 by Sept. 15 for a chance to win.

 

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

 

*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 about 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.

 

Infographics: Typical Arizona August Gas Prices and 2012 Six-Month Trends in Gas Prices