Gas prices drop again, but may change direction - East Valley Tribune: Business

Gas prices drop again, but may change direction

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Posted: Sunday, August 5, 2012 7:19 am | Updated: 3:02 pm, Sun Aug 5, 2012.

The state’s dropping fuel prices may change course this month, according to AAA Arizona, after weeks of declines.

East Valley drivers saw another drop — though small — in fuel prices last week, according to AAA Arizona. Fuel prices averaged $3.026 Thursday, down .03 cents from a week ago. The average statewide price for unleaded regular gasoline was $3.27 a gallon at the pumps Thursday, down by more than a penny from the previous week.

In July, Arizona fuel prices dropped by 15 cents. But for August, AAA predicts the state will experience a small increase for the first time since 2009.

“Week over week price declines have narrowed recently, indicating that the pump price relief Arizonans have enjoyed over the last four months may soon come to an end,” said Linda Gorman, director of communications and public affairs for AAA Arizona. “Barring unforeseen circumstances, this uptick should be short-lived and prices should again move lower once the summer driving season ends and refineries transition to less expensive winter fuel blends.”

The national average Thursday was $3.53 per gallon, up by more than 4 cents.

Tucson had the lowest average gasoline price in Arizona at $3.16 a gallon while Flagstaff had the highest at $3.52.

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