Pump Prices Trickle Down Again

Phoenix, Aug. 8, 2013. Pump prices shed a few more cents for the second consecutive week. The statewide average decreased 4 cents to $3.509 per gallon. Nationally, prices dropped 4.1 cents $3.589 per gallon.
 

“The price of crude oil retreated slightly over the last two weeks, driving pump prices in  the same direction,” said Linda Gorman, director of communications and public affairs for AAA Arizona.  “However, AAA still maintains that August will be a seesaw for pump prices due to tensions in the Middle East and impending hurricane activity.”

Also this week, the Environmental Protection Agency finalized 2013 standards for the Renewable Fuels Standard (RFS) program. The program requires renewable fuels, such as ethanol, to be blended into gasoline in increasing amounts each year. When this was implemented, policymakers predicted that U.S. gasoline consumption would continue to rise, supporting a higher ethanol use. In recent years, consumption has remained relatively flat due to fuel-efficient vehicles, a weaker economy and changes in driving habits. As such, the agency announced it would consider adjusting planned ethanol increases in 2014 and the years ahead.

“As an advocate for the motoring public, AAA applauds the EPA’s recent decision, which provided a temporary solution to prevent the use of potentially damaging E15 gasoline or a possible surge in gas prices,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “With congressional help, the agency can obtain the authority and direction to make much needed changes to unachievable fuel targets in the future.”

Tucson and Flagstaff hold the low and high state fuel averages at $3.364 and $3.745 per gallon, respectively. South Carolina and Connecticut hold the lowest and highest average prices for the lower 48 states at $3.265 and $3.976 per gallon, respectively.

City

Today’s price

Change from last week

Change from last month

Last year’s price

East Valley
(Mesa, Gilbert, Chandler, Tempe, Ahwatukee, Apache Junction, Queen Creek)

$3.458

-7.4

+3.5

$3.244

Flagstaff

$3.745

-0.4

+8.0

$3.541

Glendale

$3.529

-5.6

+5.0

$3.259

Peoria

$3.458

-6.0

+3.3

$3.244

Phoenix (city)

$3.485

-5.1

+5.2

$3.261

Prescott
(Tri-Cities)

$3.545

-0.8

+6.1

$3.304

Scottsdale
(Scottsdale, Fountain Hills)

$3.589

-5.0

+3.8

$3.339

Tucson

$3.364

-2.8

+13.1

$3.174

Yuma

$3.649

-1.6

+8.3

$3.566

Statewide

$3.509

-4.0

+5.8

$3.308

National

$3.589

-4.1

+10.6

$3.647

 

Win a Year’s Supply of Gas
AAA Insurance wants to keep one lucky Arizonan’s gas tank full for a year. Through Oct. 15, 2013, consumers who obtain an auto, home or life insurance quote will be entered to win a year’s supply of gas. Monthly drawings will also be held for a $500 gas card. For more information or to enter the sweepstakes, visit AAA.com/sweepstakes.

As a go-to automotive resource, AAA offers a variety of automotive solutions, including: 

AAA’s Fuel Gauge Report includes data from gas stations across the state. Prices may be higher or lower than the averages displayed. The Oil Price Information Service (OPIS) surveys 100,000 stations daily for unmatched statistical reliability.