'Oh Say Can You See'...Lower Gas Prices

Arizona fuel price average falls below $3.50

 

Phoenix, June 28, 2012. As Arizonans prepare to watch fireworks fly, retail fuel prices are continuing to fall for the fourth consecutive month. Statewide, the price of fuel shed 7.3 cents to $3.467, marking the first time the state average has been below the $3.50 mark since February. Nationwide, the price of fuel is $3.369 per gallon, a drop of 10.3 cents from last week.
 

Arizonans embarking on a holiday road trip over the next week will be greeted with prices that are slightly higher compared to last year. To illustrate how current fuel prices compare to previous Independence Day holidays, below is a list of statewide fuel averages for the week leading up to the Fourth of July for the past five years:

 

Year

Arizona fuel average
(per gallon)

Average cost to fill
a 15-gallon tank

2008

$4.084

$61.26

2009

$2.645

$39.67

2010

$2.775

$41.62

2011

$3.452

$51.78

2012

$3.483

$52.24

 

“While the current state average is the second highest pre-holiday fuel price in Independence Day history, 12 weeks of declines have brought prices to one of the lowest points this year,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “This trend is great news for the 650,000 Arizonans projected to embark on a Fourth of July road trip, and may encourage even more travelers to take to the road over the upcoming holiday.”

 

Tucson and Flagstaff hold the low and high state fuel averages at $3.385 and $3.664 per gallon, respectively. South Carolina and California hold the low and high price extremes for the lower 48 states at $2.959 and $3.796 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)

$3.403

-7.6

$3.666

$3.403

$3.398

Flagstaff

$3.664

-3.2

$3.852

$3.709

$3.714

Glendale

$3.401

-8.9

$3.682

$3.450

$3.392

Peoria

$3.420

-7.9

$3.678

$3.423

$3.385

Phoenix (city)

$3.418

-7.5

$3.691

$3.464

$3.406

Pima County

$3.407

-6.4

$3.614

$3.565

$3.372

Prescott
(Tri-Cities)

$3.489

-9.1

$3.748

$3.544

$3.454

Scottsdale
(Scottsdale, Fountain Hills)

$3.503

-7.6

$3.785

$3.560

$3.525

Tucson

$3.385

-6.5

$3.603

$3.523

$3.349

Yuma

$3.583

-8.1

$3.786

$3.506

$3.547

Statewide

$3.467

-7.3

$3.700

$3.537

$3.465

National

$3.369

-10.3

$3.663

$3.681

$3.551

E-85

$3.044

-5.2

-

-

$3.153

*E85 MPG/BTU adjusted price

$4.005

-6.9

-

-

$4.150

 

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.