Gasoline prices across the country have been stagnant since last week, with the national average for a gallon of black gold hovering at $3.58. AAA.
new data from Energy Information Bureauas Quoted by Gus Buddyshowed gasoline demand increased from the previous week to 9.38 million barrels per day from 9.19 million barrels per day.
Patrick De Haan, head of oil analysis at Gasbaddi, said the EIA report showed implied gas demand so far this year is about 1.4% higher than in 2022.
Inventories also increased, increasing by 500,000 barrels, bringing total crude oil production to about 221.4 million barrels.
The stock is currently about 1.1% higher than a year ago, but 7% lower than the typical five-year average for this time of year, De Haan said.
Looking at refinery output, capacity utilization fell by 0.6 percentage points from last week to 93.1%. Gasoline production declined as well, dropping from a total of 10.2 million barrels per day to 9.8 million barrels per day. However, distillate fuel production increased gradually from 5 million to 5.1 million barrels per day.
The West Texas Intermediate (WTI) ended the day at $69.51, nearing the official close of trading on Thursday.
Arizona gas prices continue to fall
Arizona has maintained this trend since early June, saving about 13 cents per gallon of gasoline each week from the state average. As of Friday, that drop remains intact.
Copper statewide average pump prices settled at $4.05 this week, down about 16 cents since June 15, according to the AAA.
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Arizona’s ranking as one of the nation’s most expensive markets has also plummeted and is now Washington ($4.96), California ($4.85), Hawaii ($4.72), Oregon ($4.61) and Nevada ($4.26). , followed by Alaska ($4.21). .
Arizona’s average of $4.05 is still 47 cents above the national average, and those prices are likely to match somewhere in between as the sun goes down into Independence Day weekend.
county ranking
significant change in pump price That is, only three counties in Arizona currently pay an average of $4 or more for landfill. Last week, that number doubled.
However, Greenlee County was the only county to see prices increase since last Thursday, adding 6 cents to the total.
Maricopa and Graham again retained their titles as the highest and lowest highest-paid counties, respectively.
However, the list has changed quite a bit.
- Maricopa: $4.22 (-0.24)
- Coconino: $4.01 (-0.04)
- Santa Cruz: $4.01 (-0.06)
- Yavapai: $3.99 (-0.08)
- Pinal: $3.94 (-0.15)
- Mojave: $3.93 (-0.01)
- Navajo: $3.90 (-0.02)
- La Paz: $3.88 (-0.03)
- Pima: $3.87 (-0.13)
- Yuma: $3.85 (-0.05)
- Apache: $3.76 (-0.07)
- Hira: $3.65 (-0.10)
- Cochise: $3.58 (-0.04)
- Greenlee: $3.38 (+0.06)
- Graham: $3.27 (-0.04)
