Arizona Pump Prices Lower as Gas Demand Stays Flat

PHOENIX - Arizona drivers are getting a small break at the pump. The statewide average for a gallon of regular gasoline dropped seven cents since last week to $3.36. The current price is seven cents higher than this time last year. Nationwide gas prices remained relatively quiet this past week. The national average for a gallon of regular went up a couple of cents to $3.07. Even though the national average hasn't dropped below the $3 mark, drivers are paying less than they were this time last year, and that trend should continue as we enter the colder months. Fuel Prices Around the State: Phoenix: $3.55 Tucson: $3.11 Flagstaff: $3.25 Yuma: $3.13 According to new data from the Energy Information Administration (EIA), gasoline demand remained flat at 8.45 million b/d. Total domestic gasoline supply decreased from 218.8 million barrels to 216.7 million. Gasoline production increased last week, averaging 9.6 million barrels per day. Oil Market Dynamics At the close of Wednesday's formal trading session, WTI rose $1.26 to settle at $58.50 a barrel. The EIA reports crude oil inventories decreased by 1 million barrels from the previous week. At 422.8 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year. EV Charging The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 36 cents. In Arizona, the cost per kilowatt hour is 40 cents. State Stats Gas The nation's top 10 most expensive gasoline markets are California ($4.60), Hawaii ($4.48), Washington ($4.37), Oregon ($3.97), Alaska ($3.84), Nevada ($3.80), Idaho ($3.42), Arizona ($3.36), Utah ($3.31), and Illinois ($3.25). The nation's top 10 least expensive gasoline markets are Mississippi ($2.61), Texas ($2.61), Louisiana ($2.62), Oklahoma ($2.63), Tennessee ($2.64), Arkansas ($2.66), Alabama ($2.68), Kentucky ($2.69), Missouri ($2.70), and Kansas ($2.73). Electric The nation's top 10 most expensive states for public charging per kilowatt hour are West Virginia (53 cents), Alaska (50 cents), Hawaii (47 cents), South Carolina (44 cents), Alabama (43 cents), New Hampshire (43 cents), Arkansas (43 cents), Wisconsin (42 cents), Louisiana (42 cents), and Oklahoma (42 cents). The nation's top 10 least expensive states for public charging per kilowatt hour are Kansas (26 cents), Maryland (28 cents), Missouri (28 cents), Nebraska (28 cents), Utah (28 cents), Delaware (32 cents), Vermont (32 cents), North Carolina (32 cents), Colorado (33 cents), and Iowa (33 cents).