Gas prices are seen at the Circle K at 107th Ave. and Union Hills on Sept. 11, 2026. Despite the instability in the Middle East, gas prices dropped a cent this week according to AAA Arizona.
Gas prices in the Valley dropped slightly despite more instability in the Middle East, as a gallon of gas averaged $4.62 a gallon, down one cent from last week, according to AAA Arizona.
“Pump prices are currently comparable to early June of this year,” said David Caltabiano, AAA Mountain West Group spokesperson in a release on Thursday. “The state and national average are both increasing during a season when gas prices typically go down due to lower gasoline demand after Labor Day.”
The highest gas price in Queen Creek is down to $4.69 a gallon from last week's $4.75.
However, prices are rising on the lower end. The lowest price for a gallon of regular is at the Costco on 20220 S. Ellsworth Road. The price there climbed to $4.49 a gallon from $4.25 last week, according to gasbuddy.com.
Aside from Costco, gas prices in Queen Creek are ranging from $4.61 to $4.69 for a gallon of regular, gasbuddy.com reports.
Prices in the state rose four cents a gallon this week to $4.57 a gallon, which is up $1.01 a gallon over the same time a year ago.
Volatility in the Strait of Hormuz had pushed crude oil prices back in the $100 per barrel range this week for the first time since July.
However, at the close of Wednesday’s formal trading session, oil rose $3.02 to settle at $96.05 a barrel. The Energy Information Association reports that U.S. crude oil inventories decreased 0.4 million barrels to 424.1 million barrels, matching the five-year average.
Gasoline demand decreased last week from 8.92 million barrels per day to 8.55 million. Total domestic gasoline supply increased from 205.7 million to 206.9 million barrels. Gasoline production decreased last week from 9.8 million barrels per day to 9.3 million barrels.
Arizona fell to ninth this week in the most expensive gas markets, behind California ($5.89), Washington ($5.53), Hawaii ($5.40), Oregon ($5.06), Alaska ($5.05), Nevada ($5.01), Idaho ($4.76) and Utah ($4.68).
According to gasbuddy.com, the cheapest gas in the Valley can be found at the Costco at Interstate 10 and Verrado Way in Buckeye for $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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