Pump Prices Fall for 16th Straight Week

 

Phoenix, July 26, 2012. Contrary to national figures, local gas prices dropped again this week, reaching their lowest point since January. The statewide average fell 2.4 cents from last week to $3.294 per gallon. Meanwhile, the national average increased 5.3 cents to $3.490 per gallon. 
 

Geopolitical tensions that were front and center last week eased, providing some stabilization in the price of crude. Also contributing to the stabilization was a report revealing that last week’s crude production is the highest since 1999, according to the Energy Information Administration. This week, the commodity traded just below the $90-per-barrel mark.

 

“Healthy supplies and retail margins continue to shield Arizona from the price increases the rest of the country has recently experienced,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “If the price of crude remains, pump prices should also remain stable, however, it’s unlikely we will see any significant drops before Labor Day, the last summer driving holiday.”

 

Tucson and Flagstaff hold the low and high state fuel averages at $3.187 and $3.529 per gallon, respectively. South Carolina and California hold the low and high price extremes for the lower 48 states at $3.184 and $3.825 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)

$3.209

-3.0

$3.470

$3.579

$3.285

Flagstaff

$3.529

-0.7

$3.749

$3.703

$3.604

Glendale

$3.212

-3.6

$3.505

$3.589

$3.284

Peoria

$3.219

-3.2

$3.485

$3.553

$3.264

Phoenix (city)

$3.219

-2.6

$3.482

$3.589

$3.301

Pima County

$3.206

-3.2

$3.419

$3.604

$3.287

Prescott
(Tri-Cities)

$3.345

-2.9

$3.602

$3.642

$3.352

Scottsdale
(Scottsdale, Fountain Hills)

$3.334

-2.3

$3.619

$3.640

$3.394

Tucson

$3.187

-3.3

$3.405

$3.568

$3.271

Yuma

$3.452

-1.2

$3.644

$3.59

$3.465

Statewide

$3.294

-2.4

$3.513

$3.622

$3.364

National

$3.490

+5.3

$3.770

$3.767

$3.693

E-85

$3.195

+6.8

-

-

$3.238

*E85 MPG/BTU adjusted price

$4.205

+8.9

-

-

$4.261

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: 

  • AAA Gas Price Alerts (AAA.com/gasalerts) offers users weekly fuel price text alerts.
  • AAA Mobile (AAA.com/mobile) provides directions and plots fuel prices along your travel route.
     
  • AAA's Member Rewards Visa® Credit Card (AAA.com/financial/AAAvisa.htm) accumulates double points on fuel purchases.

*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.

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