Pump Prices Begin to Fall

 

Phoenix, Sept. 27, 2012. This week Arizonans got a taste of lower temperatures – and pump prices. The statewide average shed 3.5 cents to $3.701 per gallon, while the national average fell more than a nickel to $3.795 per gallon.

 

Crude continued to trade in the low $90 per barrel range this week. The commodity has shaved $9 from its price since its mid-month surge to $99 per barrel. After a little bit of lag time, retail fuel prices have started to follow the commodity’s lead. 

 

“Most of the factors that kept pump prices elevated in recent weeks — from refinery outages to hurricanes — are now in the rearview mirror,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “Historically, gas prices tend to start to drop in the fall and continue through Christmas. This trend, which has held true for seven of the previous nine years, is likely to continue in 2012, barring unforeseen circumstances.”

 

Tucson and Flagstaff hold the low and high state fuel averages at $3.559 and $3.891 per gallon, respectively. Mississippi and South Carolina both hold the lowest average price for the lower 48 states at $3.533 per gallon, while California holds the highest average price at $4.133per gallon. Currently, six states hold averages above $4 per gallon: Washington, Alaska, New York, Connecticut, California and Hawaii.

 

 

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)

$3.684

-5.2

$3.943

$4.104

$3.339

Flagstaff

$3.891

+0.5

$4.094

$4.381

$3.642

Glendale

$3.677

-4.9

$3.918

$4.104

$3. 361

Peoria

$3.669

-3.3

$3.940

$4.147

$3.353

Phoenix (city)

$3.692

-3.9

$3.956

$4.120

$3.369

Pima County

$3.574

-5.0

$3.789

$4.163

$3.306

Prescott
(Tri-Cities)

$3.702

-1.3

$3.932

$4.280

$3.485

Scottsdale
(Scottsdale, Fountain Hills)

$3.795

-1.4

$4.073

$4.208

$3.468

Tucson

$3.559

-5.5

$3.780

$4.143

$3.293

Yuma

$3.787

-5.9

$4.003

$4.105

$3.544

Statewide

$3.701

-3.5

$3.932

$4.174

$3.414

National

$3.795

-5.1

$4.090

$4.090

$3.479

E-85

$3.386

-10.8

-

-

$3.134

*E85 MPG/BTU adjusted price

$4.457

-14.1

-

-

$4.125

 

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.