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Gas prices drop 2 cents as the New Year begins

Gas prices in Arizona are down 2 cents for the week for an average of $3.03 per gallon, AAA Arizona reported on Friday.

Gas prices have come down 26 cents during the past month, and are down 1 cent from a year ago at this time.

“It’s possible that the state average will drop below $3 a gallon, but prices haven’t moved much in the last few days,” said Julian Paredes, a spokesman for AAA Arizona. “Some counties are already well below $3.”

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Transportation

Gas prices drop 2 cents as the New Year begins

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Gas prices in Arizona are down 2 cents for the week for an average of $3.03 per gallon, AAA Arizona reported on Friday.

Gas prices have come down 26 cents during the past month, and are down 1 cent from a year ago at this time.

“It’s possible that the state average will drop below $3 a gallon, but prices haven’t moved much in the last few days,” said Julian Paredes, a spokesman for AAA Arizona. “Some counties are already well below $3.”

Peoria is seeing the best gas prices, averaging $3.01 a gallon, while the West Valley is seeing prices at $3.03 per gallon. Most of metro Phoenix is seeing prices around $3.09 per gallon, East Valley pumps are seeing an average of $3.11 per gallon, while Scottsdale remains the highest average at $3.22 a gallon.

“Winter has historically been when gas prices are the cheapest for the year,” Paredes said. “I don’t anticipate that changing in the short term. Nationwide demand is low, the oil market is stable, and severe weather or something else isn’t impacting refinery production or transportation right now. It’s not to say things can’t change unexpectedly, but the current gas market conditions are as calm as normal and prices reflect that.

“Barring something drastic, I wouldn’t expect substantial movement for gas prices until mid-to-late February,” Paredes added. “As we get closer to spring, demand picks up and some refineries go down for maintenance/gradually switch to summer blend of gas. But for now, there’s nothing major to report.”

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