Member Center

The Main Stream

Arizona gas prices drop for first time in 2010

Posted: Feb 12, 2010 11:18 AM

Bookmark and Share
Rating:

0.0 (0 votes)

PHOENIX - Arizona motorists are spending a little less to fill their tanks this week, as the state average for fuel recedes for the first time this year.

Statewide, the current average for a gallon of regular unleaded gasoline is $2.653, a drop of two cents from last week. Today’s nationwide average is $2.659 per gallon, a drop of three cents from last week.

This week, the Department of Energy reported a drop in gasoline stockpiles, as refiners across the country trim production in an attempt to manage excess supply. However, as a result of fuel demand remaining at a 2004 low, the price of crude oil continued to stabilize, enabling retail prices across many parts of the country, including Arizona, to recede this week.

“As a result of crude prices continuing to remain stable, retail fuel prices are finally reflecting the correction in oil prices from the start of the year,” said AAA Arizona Public Affairs Director Linda Gorman. “While current market factors do not support a significant price shift in either direction, they do support the current downward trend we experienced this week, which is likely to continue in the short-term.”

In Arizona, Tucson drivers are paying the state’s lowest fuel price with an average of $2.528, while Flagstaff motorists are paying the state’s highest fuel price with an average of $2.795 per gallon. Nationwide, motorists in Missouri are paying the nation’s lowest fuel price with an average of $2.431 per gallon, while California motorists continue to pay the most for fuel in the lower 48 states with an average of $2.983 per gallon.

Comments

Get Adobe Flash player

KVOA.com is Social!

Most Popular

DON'T MISS THESE!

Thumbnail
HALF-OFFERS

Why Pay Full Price for the Things You Want?

Thumbnail
KRISTI'S KIDS LIFESAVER 2012

Help save lives this summer!

Thumbnail
NEWS 4 TUCSON ON FACEBOOK

Become a Facebook Fan!

Thumbnail
@KVOA ON TWITTER

Follow us!

Thumbnail
BECOME A MEMBER

Sign up on KVOA.com for newsletters, exclusive deals, and more!

Thumbnail
KVOA.COM LATEST CONTESTS

Win! Win! Win!

Thumbnail
KVOA MOBILE APPS

Get news, weather and more on your smartphone and tablet!

Thumbnail
TEXT ALERTS

Get texts for news, traffic, deals and more!

Thumbnail
KRISTI'S KIDS

Stories and videos with Kristi's Kids

Thumbnail
NEWS 4 TUCSON @ 4

What's happening on News 4 @ 4

Thumbnail
ADVERTISE WITH KVOA.COM

Let us help grow your business

Thumbnail
COMMUNITY CALENDAR

What's happening?

Thumbnail
KVOA PROGRAM SCHEDULE

What's on KVOA and when!

Thumbnail
CONTACT US

Contact info for our department heads

Thumbnail
MEET US!

KVOA's on air personalities!

Thumbnail
KVOA CAREERS

Work at News 4 Tucson

Thumbnail
RSS FEEDS

Complete feeds of all KVOA.com stories