Gas prices in Queen Creek average more than $4.90 a gallon

For the first time in four years, the national average for a gallon of gas has topped the $4 mark, reaching $4.09 a gallon this week, according to a release from AAA Arizona.

In Arizona, gas rose another 7 cents a gallon to average $4.70 a gallon, $1.28 a gallon higher than one year ago. The price for a gallon of regular gas is averaging more than $4.90 in Queen Creek.

The least expensive gas in town can be found at Costco at 20220 S. Ellsworth Road at $4.39 a gallon, according to gasbuddy.com. Several area gas and convenience stores are reporting prices of $4.95 to $4.99 for a gallon of regular.

In metro Phoenix, gas jumped 2 cents to $4.94 a gallon, also $1.28 a gallon higher than a year ago.

“Crude oil prices surpassed $100 per barrel as the conflict in the Middle East continues and the Strait of Hormuz remains closed,” said AAA Mountain West Group spokesperson Julian Paredes. “In 2022, gas prices remained elevated from March through August, peaking in June when the national average reached a record of $5 per gallon for one week.”

According to new data from the Energy Information Administration, gasoline demand decreased last week from 8.92 million barrels per day to 8.68 million. Total domestic gasoline supply decreased from 241.4 million barrels to 240.9 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.

Arizona remains the sixth-highest average price in the nation behind California ($5.89), Hawaii ($5.50), Washington ($5.36), Oregon ($4.96), and Nevada ($4.94).

The cheapest gas in theValley area according to gasbuddy.com can be found in Scottsdale at the Sam’s Club near Frank Lloyd Wright and  Loop 101, and in north Phoenix at the Sam’s Club at 15th Avenue and West Bell Road, both at $4.23 a gallon.

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