ARIZONA NEWS

Here’s why gas prices in Arizona have dropped under $4 a gallon

Jun 27, 2023, 11:00 AM

(AP Photo/Gene J. Puskar)...

(AP Photo/Gene J. Puskar)

(AP Photo/Gene J. Puskar)

PHOENIX — The average price for a gallon of gas in Arizona has dropped under $4, a welcome development that one industry expert says has staying power.

Julian Paredes, AAA spokesman, said the completion of maintenance at refineries in New Mexico and Texas that provide gas in the state has brought supply back to normal levels.

“That’s supply from those two refineries that are coming back again and that’s really helping bring prices back down again,” Paredes said. “Really, prices are just coming back to where they should be.”

Arizona, with a $3.96 statewide average, is still seeing higher prices most of the rest of the country, but drivers are finally getting relief after paying some of the most expensive prices nationwide over the past few months.

The statewide average is down 15 cents from a week ago and 60 cents in the past month.

Paredes said the price drop has especially been felt in metro Phoenix, although the $4.10 average still eclipses what’s happening across the country.

Nationwide, the average gallon cost drivers $3.56 as of Tuesday.

“Gas prices were nearing $5 for a little bit there,” Paredes said. “But we’ve seen a fairly dramatic decrease in gas prices in the last month or so and specifically in Phoenix.”

The looming Fourth of July holiday weekend shouldn’t have a large effect on prices, according to Paredes.

He thinks the average could continue to dip because of how drivers changed their practices when prices were swelling.

“It might actually be a little bit lower because when prices were nearing $5, people may have changed their driving habits,” Paredes said.

“So demand in Arizona might actually be lower than it should be or normally is just because prices have been so high for the last few months or so.”

KTAR News 92.3 FM’s Taylor Kinnerup contributed to this report.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Migrants line up at a remote U.S. Border Patrol processing center after crossing the U.S.-Mexico bo...

Kevin Stone

Arizona Gov. Katie Hobbs to assess shuttered Lukeville Port of Entry in person

Arizona Gov. Katie Hobbs said she plans to visit Lukeville on Saturday to assess the situation after federal officials closed the port of entry there.

47 minutes ago

woman stands in street during protest...

SuElen Rivera

Phoenix airport workers file discrimination complaint against employer

Phoenix Sky Harbor International Airport food service industry workers filed a discrimination complaint against their contractor on Wednesday.

2 hours ago

...

KTAR Video

Video: Americans are becoming more cynical amid influx of migrants following Lukeville Port closure

As a flood of migrants continue to cross over the U.S.-Mexico border following the closure of the Lukeville Port, Jim Sharpe takes a look at the growing cynicism of the Biden Administration in Friday’s Sharper Point commentary. Video: Jeremy Schnell and Felisa Cárdenas/KTAR News

2 hours ago

...

KTAR Video

Video: Americans are becoming more cynical amid influx of migrants following Lukeville Port closure

As a flood of migrants continue to cross over the U.S.-Mexico border following the closure of the Lukeville Port, Jim Sharpe takes a look at the growing cynicism of the Biden Administration in Friday’s Sharper Point commentary. Video: Jeremy Schnell and Felisa Cárdenas/KTAR News Photo: John Moore/Getty Images

2 hours ago

A stock image of a sign indicating a 40 mph speed limit....

Kevin Stone

Here’s why Phoenix is reducing speed limits on multiple roadways

The city of Phoenix is lowering the speed limit on 15 stretches of road, but you should tap the brakes on the idea that it's being done so more tickets can be written.

3 hours ago

Mugshot of Leonardo Santiago, who has been accused of first-degree murder in two Phoenix cases....

KTAR.com

Suspect in brutal murder/mutilation case implicated in another Phoenix homicide

One of the suspects in the murder and mutilation of a gay man at a Phoenix park has been implicated in a second homicide case, authorities said.

4 hours ago

Sponsored Articles

Follow @KTAR923...

The best ways to honor our heroes on Veterans Day and give back to the community

Veterans Day is fast approaching and there's no better way to support our veterans than to donate to the Military Assistance Mission.

...

Dierdre Woodruff

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

...

Desert Institute for Spine Care

Desert Institute for Spine Care (DISC) wants to help Valley residents address back, neck issues through awake spine surgery

As the weather begins to change, those with back issues can no longer rely on the dry heat to aid their backs. That's where DISC comes in.

Here’s why gas prices in Arizona have dropped under $4 a gallon