Gas prices are seen at the Circle K at 59th Avenue and Olie Road in Glendale on Sept. 4, 2026. Gas prices have reached an all-time high on Labor Day weekend according to AAA Arizona on Friday.
For those traveling this Labor Day weekend, gas price will hit an all-time high for this time of year, AAA Arizona said in a release Friday.
The highest gas price is down to $4.75 a gallon from last week's $4.79. However, the average price around town is now at $4.69.
The lowest price for a gallon of regular is at the Costco on 20220 S. Ellsworth Road. The price there climbed to $4.25 a gallon from $4.19 last week, according to gasbuddy.com.
Aside from Costco, gas prices in Queen Creek are ranging from $4.52 to $4.75 for a gallon of regular, gasbuddy.com reports.
Despite prices in the Valley dropping 7 cents a gallon this week to $4.62 a gallon, the price represents an 85 cent increase over last year’s $3.77 a gallon.
“Continued volatility in the Strait of Hormuz has pushed crude oil prices in the $90 per barrel range,” said Aldo Vazquez, AAA Mountain West Group spokesperson. “After a record-setting August, this Labor Day weekend is on track to also set a record at the pump,
“The national average has never been above $4 per gallon on Labor Day,” Vazquez added.
The national average sits at $4.14 a gallon, which is up 6 cents a gallon. Last year at this time, the national average was at $3.20 a gallon. The current Labor Day record is $3.82, set on September 3, 2012.
In Arizona, prices remained flat at $4.53 a gallon. At this time a year ago, the price at the pump was $3.49 a gallon.
At the close of Wednesday’s formal trading session, crude oil rose 79 cents to settle at $91.01 a barrel. The Energy Information Administration reports that crude oil inventories decreased by 4.5 million barrels from the previous week. At 424.5 million barrels, U.S. crude oil inventories are 1% above the five-year average for this time of year.
Gasoline demand decreased last week from 9.04 million barrels per day to 8.92 million. Total domestic gasoline supply decreased from 206.8 million barrels to 205.7 million. Gasoline production stayed the same as last week, averaging 9.8 million barrels per day.
Arizona remained the eighth moist expensive market in the nation, behind California ($5.78), Washington ($5.47), Hawaii ($5.41), Oregon ($4.98), Alaska ($4.96), Nevada ($4.91) and Idaho ($4.62).
According to gasbuddy.com, the Valley’s cheapest gas can be found in four locations across the Valley: the Costco at 101st Avenue and McDowell Road in Avondale, the Costco at Interstate 10 and Verrado Way in Buckeye, the Buc-ee’s at Interstate 10 and Bullard Avenue in Goodyear and the Sam’s Club at Interstate 10 and Dysart Road in Avondale. All four locations have gas at $3.75 a gallon.
Meet Jeff Jeff Wendt started at Independent Newsmedia in January 2023, after 25 years working for Gannett and The Arizona Republic. Started as a high school sports scoretaker, worked up to reporting high school sports and then became an associate high school sports editor in 2002. Also worked in the Design Studio as a copy editor.
Community: Jeff serves on the Board of Elders at his local church.
Education: Arizona State University with a Bachelor’s Degree in Journalism and Mass Communication
Random fact: Attended Game 2 of the 2001 World Series.
Hobbies: Playing video games (yes still the kid in me), watching reality TV, playing poker.
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