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See where to find the cheapest gas in Gilbert

Arizona prices top $4 a gallon in nation for first time in four years

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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.

In metro Phoenix, gas jumped 2 cents to $4.94 a gallon, also $1.28 a gallon higher than a year ago. But in Gilbert, the median price of gas is $4.99 per gallon.

“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 Gilbert, according to gasbuddy.com, is at the Costco near Arizona Avenue and West Basline Road, where it is $4.24 a gallon. Next is at the Arco at North McQueen Road and West Elliot Road for $4.59 per gallon, then the Valero at North McQueen Road and West Guadalupe Road for $4.72 a gallon.

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