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Gas prices trending downward in the Valley

Valley drivers are seeing their gas dollars stretch a bit further as the price of a gallon of gas has dropped to $3.32 a gallon, a 4 cent drop from the previous week.

Heading into November, drivers may see gas prices continue to fall and perhaps stay low over the busy Thanksgiving holiday travel period, according to Julian Paredes of AAA Arizona.

“Fewer people drive during the fall, so demand for gas drops and gas prices follow,” Paredes said. “There is no way to exactly predict where gas prices will go, but gas prices historically peak during summer, slowly drop during fall, bottom out during winter before rising again in spring.”

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GAS

Gas prices trending downward in the Valley

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Valley drivers are seeing their gas dollars stretch a bit further as the price of a gallon of gas has dropped to $3.32 a gallon, a 4 cent drop from the previous week.

Heading into November, drivers may see gas prices continue to fall and perhaps stay low over the busy Thanksgiving holiday travel period, according to Julian Paredes of AAA Arizona.

“Fewer people drive during the fall, so demand for gas drops and gas prices follow,” Paredes said. “There is no way to exactly predict where gas prices will go, but gas prices historically peak during summer, slowly drop during fall, bottom out during winter before rising again in spring.”

The lowest gas prices in Maricopa County according to GasBuddy.com are $2.99 in Tempe and Gilbert, $3.09 in Peoria, $3.15 in Glendale, $3.17 in Scottsdale and $3.19 in Surprise.

“Arizona almost always has fuel prices higher than the national average because we are a geographically larger state, which makes transportation expensive,” Paredes said. “We are a populous state, so higher demand. And we source a significant amount of fuel from California, which is expensive because of local regulations and taxes.”

Nationwide prices are averaging $3.03 a gallon, and Arizona is the eighth most market in the nation. California ($4.57 per gallon) ranks the highest, while Texas and Oklahoma ($2.59 a gallon) are the lowest in the nation.

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