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Arizona Weekly Gas Prices Drop Slightly

23 March 2015   Patrick DeHaan, Gregg Laskoski, Allison Mac
“…The coming week shows nothing guaranteed but uncertainty.”

March 23- Average retail gasoline prices in Arizona have fallen 4.7 cents per gallon in the past week, averaging $2.38/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in Arizona. This compares with the national average that has not moved  in the last week to $2.42/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Arizona during the past week, prices yesterday were 97.9 cents per gallon lower than the same day one year ago and are 14.6 cents per gallon higher than a month ago. The national average has increased 12.1 cents per gallon during the last month and stands 110.6 cents per gallon lower than this day one year ago.

"Gasoline trends are all over the place, depending on where in the country motorists are," said Patrick DeHaan, GasBuddy senior petroleum analyst. "While much of the country saw prices drift lower, two distinct regions saw the opposite. The Great Lakes saw prices spike as refinery issues plague the region, following in the steps of what happened at the pump in the West several weeks ago. Illinois, Michigan, Indiana, Ohio and Wisconsin saw the largest moves- increases of more than a dime. The Rockies region also saw increases, yet much milder than what was hitting motorists in the Great Lakes. California led declining states, falling double digits per gallon, as refinery issues have at least for the time being been dealt with, DeHaan said.

When pressed about what lies ahead, DeHaan said, “The coming week shows nothing guaranteed but uncertainty, as refiners begin finishing maintenance season, boosting production, and beginning to draw down on oil inventories that are setting records. This recipe will likely bring the lowest summer gasoline prices since 2010, but the short term outlook may vary based on region, with West Coast locales seeing falling prices, Rockies and Plains states will see slight increases or stability, with Gulf and East Coast regions seeing mild declines. Price trends in the Great Lakes will hinge on refinery issues being resolved."

AboutGasBuddy.com

GasBuddy is the premiere source for real-time local gas prices. Founded in 2000,GasBuddy.comdeveloped as an initiative to provide consumers access to local, current gas prices. Through theGasBuddy.comwebsite and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.