Gas prices are seen at a pump on May 23, 2025 in Tempe. Arizona gas prices remain higher than the national average. (Associated Press/Ross D. Franklin)
Drivers are getting some relief at the gas pumps as prices dropped for the fourth consecutive week, falling 13 cents a gallon to settle at $4.28 a gallon on average in the state and as low as $3.89 per gallon at Costco in Tempe.
While the price per gallon has dropped 48 cents in the last month, prices are still 70 cents a gallon higher than a year ago at this time.
Tempe's cheapest places to buy gas is Costco and Sam's Club where prices range from $3.89 to $3.98, according to gasbuddy.com.
Gas prices have been trending downward as crude oil prices have dipped into the high $80 to low $90 per barrel range. However, pump prices remain the highest they’ve ever been during this time of year.
“Before 2026, the national average had never gone above $4 per gallon during the month of November,” said David Caltabiano, spokesperson for AAA Mountain West Group in the release. “Currently, the national average is more than one dollar higher than it was a year ago. ”
The national average sits at $4.06 a gallon, 14 cents a gallon lower this week.
The state average is at $4.32 a gallon, which is down 12 cents a gallon from last week, and down 41 cents a gallon from a month ago at this time.
Wednesday’s formal trading session, crude oil fell $7.97 a barrel to settle at $88.12 per barrel. The Energy Information Administration reports that U.S. crude oil inventories decreased 0.9 million barrels to 409.8 million barrels, 4% below the five-year average.
Gasoline demand increased last week from 8.35 million barrels per day to 8.80 million. Total domestic gasoline supply decreased slightly from 209.2 million barrels to 209 million. Gasoline production increased from 9.24 million barrels per day to 9.70 million barrels.
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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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