See where you can get the cheapest gas in Queen Creek

Gas prices in the Valley saw another decline this week, with prices down 13 cents to an average of $4.76 a gallon, according to AAA Arizona on Friday.

Gas prices in Queen Creek also slipped on average by 10 cents a gallon from their highest price last week. The average price for a gallon of regular gas is at around $4.89 in Queen Creek.

The least expensive gas in town can be found at Costco at 20220 S. Ellsworth Road at $4.19 a gallon, according to gasbuddy.com. Several area gas and convenience stores are reporting prices of $4.69 to $4.89 for a gallon of regular.

Meanwhile, prices around the nation dropped 8 cents to $4.07 a gallon.

“After last week’s announcement of a two-week ceasefire between the U.S. and Iran, the price for a barrel of crude oil has continued to trade below $100,” said AAA Mountain West Group spokesperson Julian Paredes in a release. “However, maritime traffic transiting the Strait of Hormuz remains subdued as regional tensions persist and negotiations continue.”

Oil prices also dropped this week. As of the close of Wednesday’s trading session, oil was selling at $91.29 a barrel, down from just over $100 a barrel last week.

The Energy Information Administration said gas demand increased from 8.56 million barrels a day up to 9.08 million per day, while the supply dropped from 239.3 million barrels to 232.9 million.

Arizona dropped to seventh in most expensive gas prices in the nation, behind California ($5.86), Hawaii ($5.65), Washington ($5.38), Oregon ($4.92), Nevada ($4.95), and Alaska ($4.64).

In the Valley, according to gasbuddy.com, the cheapest gas can be found in Gilbert at the Costco on Country Club Drive and Baseline Road, and in Tempe at Sam Club in the Tempe Marketplace at $3.59 a gallon.