Prices at the pump continue to fall

Prices at the pump continue to fall

Credit: MGN Online

Prices at the pump continue to fall

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by Andrew Michalscheck

azfamily.com

Posted on October 4, 2012 at 3:44 PM

PHOENIX -- For the third straight week gas prices in the state of Arizona have decreased.

According to AAA Arizona, the statewide average dropped almost 2 cents this week to $3.682 per gallon. The national average dropped a little more than 1 cent to $3.784 per gallon.

From August 31 to September 30, prices across the country dropped 5 cents. It’s the first month-to-month decrease in prices since June.

But while Arizona and most of the nation is enjoying a decrease in prices, the same can’t be said for the majority of the West Coast.

AAA Arizona explains that low demand coupled with the impending switch to winter fuel blend on the West Coast has led refiners to offload their excess of summer fuel blends in other markets. This has caused a temporary tightening of supply and a bump in prices.

“The issue on the West Coast is a fairly isolated short-term problem that will likely be resolved once refiners have completed their switch to winter blends,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “Since Arizona receives its supply almost equally from the East and West lines, we’re moderately insulated from the wild price swings other states may experience.”

Tucson currently has the lowest fuel average in the state at $3.523 per gallon, while Flagstaff’s $3.887 average is the highest in Arizona.

Motorists in South Carolina pay less than any other state in the continental U.S. at $3.495 per gallon. California’s $4.315 average is the highest in the continental U.S..



 

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