What's behind the drop in Arizona gas prices this December?

Gas prices are dropping across the country as the national average is now at $3.13. In Arizona, the state's average is $3.31. So, what's behind the drop that comes as a relief for a lot of drivers?

What's behind the drop in Arizona gas prices?
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Gas prices are dropping across the country as the national average is now at $3.13. In Arizona, the state's average is $3.31. So, what's behind the drop that comes as a relief for a lot of drivers?

US consumer inflation eased in October, driven by cheaper gas, cars and airfares

Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.

How AZ lawmakers are looking to ease gas prices
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The sharp rise in gas prices this year is causing Arizona lawmakers to consider changing the state's fuel requirements. This is all in an effort to lower the price at the pump for drivers in the Phoenix area. FOX 10?s Lindsey Ragas joins us with more.

Arizona legislative committee to discuss the state's gas blend amid high prices

As Arizona deals with gas prices that are among the highest in the nation, a group of state lawmakers are trying to find out why that is the case.

Oil prices rise making gas more expensive for US drivers and aiding Russia's war

Some analysts predict oil prices could hit $100 in the coming months, while others foresee that growth in major economies like China will keep a lid on prices.

Walmart, Exxon Mobil team up for gasoline deal

The gas discount deal is effective now through Sept. 15, and gives Walmart+ members a 20-cent discount for each gallon of gas.

Circle K no longer redeeming Fry's fuel points
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After this month, Fry's website shows that fuel points will no longer be good at Arizona Circle K gas stations. Customers will only be able to redeem points at participating Shell and Kroger fuel centers. Circle K has been a part of Fry's fuel rewards program for the past decade.

Why are gas prices going up? Blame the heat and production cuts

Gas prices in the U.S. are continuing to rise this summer, creating another money headache for Americans. Here's a few factors that are causing the price jump.

Gas prices may spike as much as 10 to 25 cents this week in some states

Consumers may need to prepare to spend more for a gallon of gas tied to the rising cost of oil and heat-induced refinery outages as temps across the nation soar to the highest of the summer this week. 

Gas prices could spike after Saudi Arabia oil production cut

According to AAA, drivers are currently paying an average of $3.55 for a gallon of regular gasoline. That is more than $1 lower than a year ago.

Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Shell reports $9.6 billion profit as energy prices slip

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

BP reports $5 billion quarterly profit on strong oil, gas trading

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.