Gas prices in Arizona down to 4-month low - East Valley Tribune: Business

Gas prices in Arizona down to 4-month low

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Posted: Tuesday, June 26, 2012 5:51 pm

Arizona pump prices slipped to a four-month low last week. East Valley drivers saw an 8 cent dip week-over-week to $3.479. Statewide, motorists are paying an average of $3.540 per gallon, a drop of more than 7 cents from the previous week. Nationwide, the price of fuel shed 6 cents to $3.472, marking the first time the national average has been below the $3.50 mark since February.

One cause is the price of crude, which sank below $80 per barrel, an eight-month low for the commodity, according to AAA Arizona.

Tucson and Flagstaff hold the low and high state fuel averages at $3.450 and $3.696 per gallon, respectively. South Carolina and California hold the low and high price extremes for the lower 48 states at $3.058 and $3.929 per gallon, respectively.

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