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Gas Prices Rise 2.4¢ This Week Featured

By Patrick DeHaan January 29, 2018 462

AZ gas prices have gone up, but not as much as in other states.

Arizona, AZ, January 29- Average retail gasoline prices in Arizona have risen 2.4 cents per gallon in the past week, averaging $2.44/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has increased 3.0 cents per gallon in the last week to $2.57/g, according to gasoline price website GasBuddy.com. ppIncluding the change in gas prices in Arizona during the past week, prices yesterday were 28.2 cents per gallon higher than the same day one year ago and are 3.3 cents per gallon higher than a month ago. The national average has increased 8.8 cents per gallon during the last month and stands 30.7 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on January 29 in Arizona have ranged widely over the last five years:p$2.16/g in 2017, $1.81/g in 2016, $1.88/g in 2015, $3.23/g in 2014 and $3.17/g in 2013.

Areas near Arizona and their current gas price climate:

Las Vegas- $2.66/g, up 2.8 cents per gallon from last week's $2.63/g

Phoenix- $2.33/g, up 2.1 cents per gallon from last week's $2.31/g.

Tucson- $2.24/g, up 6.2 cents per gallon from last week's $2.18/g.

"With oil maintaining strength, gasoline prices have continued to climb in many places, rising to their highest level since Hurricane Harvey dealt a blow to Texas and a significant portion of U.S. refining capacity," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "This time around, oil prices have been the culprit for gasoline prices rising to their highest level in over 130 days, and with U.S. crude oil inventories plummeting for 10 straight weeks, I see diminishing chances of the traditional winter relief that accompanies the year's coldest months. Without gas prices falling, the current price environment may be the floor for what could become a more expensive year than anticipated, barring any change to OPEC policy that has led to today's climate of lower supply and higher prices."

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.

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Last modified on Monday, 29 January 2018 14:03
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