Local News

Gas prices start to drop in Phoenix

Gas prices start to drop in Phoenix

PHOENIX (3TV/CBS 5) – While Phoenix gas prices are a staggering $1.46 above last year’s average, they are slowly coming back down.

This week, gasoline costs are around $4.79 per gallon. GasBuddy surveyed 1,094 gas stations in Phoenix, and gas prices are up 18.7 cents in the past week. That averages out to about $5.06 per gallon. The cheapest station in Phoenix has a price of about $4.24 per gallon, and the most expensive at $5.19.

Historical gas prices in Phoenix compared to the national average for about 10 years:

  • October 17, 2021: $3.33/g (US average: $3.30/g)
  • October 17, 2020: $2.31/g (US average: $2.16/g)
  • October 17, 2019: $2.99/g (US average: $2.67/g)
  • October 17, 2018: $2.93/g (US average: $2.86/g)
  • October 17, 2017: $2.33/g (US average: $2.45/g)
  • October 17, 2016: $2.13/g (US average: $2.23/g)
  • October 17, 2015: $2.17/g (US average: $2.26/g)
  • October 17, 2014: $3.05/g (US average: $3.13/g)
  • October 17, 2013: $3.19/g (US average: $3.35/g)
  • October 17, 2012: $3.71/g (US average: $3.75/g)

“After a sharp rise in the national average in recent weeks, we’ve seen a sharp, but expected, drop as refinery woes have eased in the West and Great Lakes, outpacing some increases elsewhere. Although, at the same time, diesel prices have risen,” said Patrick De Haan, head of oil analysis at GasBuddy. “We will see a significant decline in gas prices on the West Coast, including areas served by California refineries such as Las Vegas and Phoenix, as refinery outages are resolved. Diesel and heating oil prices are likely to continue to rise as very low inventories of middle-of-the-barrel products such as these become more expensive .

READ ALSO :   Sources say the European Central Bank may start analyzing the balance sheet in the second quarter

The Latest

To Top