Pump Prices Shy Further from March Highs

Phoenix, Ariz., May 3, 2012. Pump prices are continuing to fall for the fifth straight week. Statewide, motorists are paying an average of $3.825 per gallon, a drop of 2.3 cents from last week. Nationally, prices shed 2.7 cents to an average of $3.803 per gallon.

As retail fuel prices continue to retreat, an increasing number of states are reporting fuel averages dropping below year-ago levels. While this is still not the case in Arizona, the margin between the current and year-ago averages has narrowed significantly, and are currently separated by less than a dime.

“After experiencing a 20 percent price surge the first three months of the year, Arizona motorists are breathing a sigh of relief now that prices have reversed direction,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “So long as current market factors persist, motorists can continue to expect to see prices shy further away from March highs in the short-term.” 

Tucson and Flagstaff hold the low and high state fuel averages at $3.685 and $3.952 respectively. Missouri and California hold the low and high price extremes for the lower 48 states at $3.517 and $4.175, 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)

$3.811

-3.6

$4.068

$3.980

$3.732

Flagstaff

$3.952

-1.2

$4.112

$4.185

$3.872

Glendale

$3.802

-4.0

$4.073

$4.018

$3.718

Peoria

$3.806

-3.2

$4.063

$4.112

$3.695

Phoenix (city)

$3.806

-3.9

$4.077

$4.016

$3.731

Pima County

$3.702

-1.3

$3.908

$4.091

$3.608

Prescott
(Tri-Cities)

$3.866

-1.4

$4.089

$4.058

$3.720

Scottsdale
(Scottsdale, Fountain Hills)

$3.923

-1.6

$4.183

$4.147

$3.843

Tucson

$3.685

-1.6

$3.896

$4.052

$3.598

Yuma

$3.813

-5.0

$4.012

$4.034

$3.825

Statewide

$3.825

-2.3

$4.057

$4.077

$3.737

National

$3.803

-2.7

$4.083

$4.095

$3.967

E-85

$3.280

-1.6

-

-

$3.318

*E85 MPG/BTU adjusted price

$4.317

-2.0

-

-

$4.367

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.
  • TripTik Mobile (AAA.com/mobile) 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 approximately 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.