Fuel Prices Spooked Lower by Falling Crude Costs

AAA expects prices to fall even further 

Phoenix, Oct. 24, 2013. Across the state and country, pump prices continue to inch towards the $3 mark. The statewide average dropped 1.7 cents this week to $3.257 per gallon. The nationwide average fell 3.1 cents this week to $3.329 per gallon.

“This week, the price of crude oil dropped below the $100 mark for the first time since July,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “The commodity’s price provides an effective floor for how low retail gas prices could go. As such, the shift below $100 per barrel supports the downward retail price trend we expect to continue in foreseeable future.”

The East Valley and Flagstaff hold the low and high state fuel averages at $3.156 and $3.516 per gallon, respectively. Missouri and California hold the lowest and highest average prices for the lower 48 states at $3.013 and $3.762 per gallon, respectively.
 

City

Today’s price

Change from last week

Change from last month

Last year’s price

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

$3.156

-1.4

-14.4

$3.688

Flagstaff

$3.516

-1.7

-8.5

$3.901

Glendale

$3.180

-1.5

-13.2

$3.684

Peoria

$3.162

-1.8

-12.9

$3.666

Phoenix (city)

$3.184

-1.2

-12.5

$3.693

Prescott
(Tri-Cities)

$3.307

-2.7

-7.6

$3.779

Scottsdale
(Scottsdale, Fountain Hills)

$3.270

-2.9

-15.4

$3.797

Tucson

$3.195

-1.3

-8.5

$3.449

Yuma

$3.329

-1.0

-8.4

$3.773

Statewide

$3.257

-1.7

-11.0

$3.694

National

$3.329

-3.1

-13.2

$3.625

 

As a go-to automotive resource, AAA offers a variety of automotive solutions, including: 

AAA Arizona, the Arizona affiliate of AAA, provides automotive, insurance and auto travel services to more than 840,000 Arizona members. Annually, AAA’s Roadside Assistance responds to more than 450,000 calls for help on Arizona roadways. The auto club also provides discounts and financial services to AAA members. Since its founding in 1927, AAA Arizona has been a leading advocate for the safety and security of all travelers.