Arizona gas prices on the fall heading into Memorial Day weekend

May 21, 2024, 12:14 PM

Gas prices are on the decline in Arizona. (Photo by Brandon Bell/Getty Images)...

Gas prices are on the decline in Arizona. (Photo by Brandon Bell/Getty Images)

(Photo by Brandon Bell/Getty Images)

PHOENIX — Arizona drivers will get the benefit of decreasing gas prices heading into Memorial Day weekend.

Prices have been on the decline, with the Phoenix and statewide averages falling below $4.00 a gallon as of Tuesday, according to GasBuddy.

Tom Kloza, global head of energy analysis at price reporting agency Oil Price Information Service, told KTAR News 92.3 FM that this isn’t the end for lower prices.

“I mean, there’s no question your prices are going down in the next 30 days,” Kloza said.

Why are gas prices decreasing in Arizona?

Kloza says there’s a good reason Arizonans are paying less at the pump.

“Really what’s happened is there was a lot of work on Southern California and Northern California refineries but they’re finishing up that now, so it looks like pretty clear sailing into at least the early part of the summer,” Kloza said.

The statewide average was $4.05 at the start of May and has dropped to $3.89. Phoenix has had a similar drop from $4.19 a gallon to $3.99, according to GasBuddy.

Arizonans are still paying more than the national average, which is hovering around $3.60 a gallon.

“I don’t know if it’s going to spur people to travel more or maybe they’ll run their air conditioner just a little bit higher when they’re in the car,” Kloza said.

KTAR News 92.3 FM’s Jim Cross 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

Herman Campbell is the subject of a Silver Alert issued June 17, 2024, in Phoenix....

Silver Alert issued for Phoenix man with medical condition who went missing over weekend

Authorities have issued a Silver Alert for a 65-year-old Phoenix man with a medical condition who went missing.

33 minutes ago

Leaving a child in a hot car lands Mesa woman in jail, police say...

Serena O'Sullivan

Mesa woman left her child in car that measured 129 degrees, police say

Nichole Yazzie, a 32-year-old Mesa mother, was accused by authorities of leaving a child in a hot car during an excessive heat warning.

39 minutes ago

A view of the Bright Angel Trail near Pipe Creek River Resthouse in the Grand Canyon. A man died wh...

Man dies while hiking out of Grand Canyon after night at Bright Angel Campground

A man died while hiking on the Bright Angel Trail at Grand Canyon National Park over the weekend, authorities announced Monday.

1 hour ago

Arizona Senate President Warren Petersen, seated, poses with, from left, fellow Republican Sens. T....

Kevin Stone

Arizona Senate president touts ‘most conservative budget we’ve had in over a decade’

Arizona Senate President Warren Petersen said the state budget approved over the weekend shrinks spending more than any budget in years.

2 hours ago

Arizona voters over 50 general election 2024...

Serena O'Sullivan

Here’s why Arizona’s older voters could tip the scale in the upcoming election

A new AARP survey found Arizona voters over 50 care most about their personal financial situations, Social Security and family caregivers.

4 hours ago


KTAR Video

Video: Child-related drownings and near-drownings in Arizona by the numbers #news #poolsafety

Drownings in the Valley are on the rise, but other accidents can happen around the pool,. Jim Sharpe breaks down child-related pool drownings and near-drownings by the numbers in Monday’s Sharper Point commentary. Video: Jeremy Schnell and Felisa Cárdenas/KTAR News

4 hours ago

Sponsored Articles


Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.



Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.



Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

Arizona gas prices on the fall heading into Memorial Day weekend