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Monday, 11 September 2017 10:04

Gas Prices Rise But Appear to Have Peaked Featured

Patrick DeHaan

Gas prices should lower as refineries return to production.

Arizona, AZ, September 11- Average retail gasoline prices in Arizona have risen 1.7 cents per gallon in the past week, averaging $2.46/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has increased 1.8 cents per gallon in the last week to $2.65/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Arizona during the past week, prices yesterday were 37.1 cents per gallon higher than the same day one year ago and are 12.7 cents per gallon higher than a month ago. The national average has increased 30.4 cents per gallon during the last month and stands 48.1 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on September 11 in Arizona have ranged widely over the last five years:

$2.09/g in 2016, $2.46/g in 2015, $3.37/g in 2014, $3.36/g in 2013 and $3.69/g in 2012.

Areas near Arizona and their current gas price climate:

Las Vegas- $2.72/g, up 4.0 cents per gallon from last week's $2.68/g.

Phoenix- $2.36/g, up 6.4 cents per gallon from last week's $2.29/g.

Tucson- $2.36/g, up 8.7 cents per gallon from last week's $2.28/g.

"Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week. However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being. Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector. With summer driving season now over, motorists stand to benefit from falling demand, which will help refineries bring gasoline inventories back to normal and thus gas prices, but as many Americans are now acutely aware, the impact on gas prices can outlive a storm, especially one like Harvey."

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com

About GasBuddy

GasBuddy is the technology company changing the way more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.

Last modified on Monday, 11 September 2017 10:27
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Prescott, Arizona