Pump Prices Plunge Further into Fall

 

Phoenix, Nov. 8, 2012. Arizona motorists elected to pay lower prices at the pumps this week. Statewide, prices shed more than 6 cents to $3.567 per gallon. Nationwide, prices have dropped 102 days in a row, with a gallon of gas down 4.3 cents to $3.464 per gallon.

 

 

Following Superstorm Sandy, the arrival of a Nor’easter forced demand even lower on the East Coast. Crude prices have continued to find stability in the mid $80 per barrel range, further supporting the current retail price slide.

 

 

“The year over year price gap is continuing to narrow, and many motorists across the state are starting to see prices fall back below the $3.50 mark,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “Given current market factors, this margin should continue to narrow in the coming weeks, and could very well even out before the end of the year.”

 

 

Tucson and Flagstaff hold the low and high state fuel averages at $3.333 and $3.809 per gallon, respectively. South Carolina and New York hold the lowest and highest average prices for the lower 48 states at $3.130 and $3.987 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)

$3.534

-7.4

$3.798

$3.962

$3.277

Flagstaff

$3.809

-4.1

$3.984

$4.249

$3.553

Glendale

$3.543

-7.7

$3.827

$3.996

$3.276

Peoria

$3.540

-6.2

$3.815

$3.997

$3.251

Phoenix (city)

$3.551

-7.5

$3.819

$3.985

$3.280

Pima County

$3.349

-5.2

$3.565

$4.013

$3.215

Prescott
(Tri-Cities)

$3.640

-4.5

$3.882

$4.134

$3.389

Scottsdale
(Scottsdale, Fountain Hills)

$3.651

-7.2

$3.941

$4.068

$3.404

Tucson

$3.333

-5.2

$3.553

$3.992

$3.198

Yuma

$3.635

-3.8

$3.8

$3.955

$3.416

Statewide

$3.567

-6.2

$3.798

$4.036

$3.326

National

$3.464

-4.3

$3.786

$4.016

$3.414

E-85

$3.153

-3.8

-

-

$3.059

*E85 MPG/BTU adjusted price

$4.150

-4.9

-

-

$4.026

 

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.