News Summary
Arizona drivers are celebrating the lowest gas prices for Memorial Day in years, with an average of $3.61 per gallon in Phoenix. This decrease is attributed to improved supply conditions, promising relief for nearly one million travelers expected this weekend. Circle K’s upcoming promotion will offer additional savings, further easing fueling costs. The trend indicates a favorable market for summer travel, contrasting sharply with previous high prices seen in recent years, while nearby states report lower prices. The overall reduction in gas expenditures enhances the travel experience for many Americans.
Arizona drivers are enjoying the lowest gas prices seen during Memorial Day in several years. The average price at the pump in Phoenix has dropped to $3.61 per gallon, marking the lowest price since 2021. This welcome trend is expected to provide significant relief to travelers as nearly one million people are projected to hit the roads in the state for the Memorial Day weekend, according to AAA.
In addition to the already low prices, Circle K has announced a special promotion on May 22, 2025, offering an additional discount of 40 cents off per gallon at select locations, a move that could further ease the financial burden of fueling up.
The current low gas prices are contributing to a larger trend that shows the cost of fuel taking the smallest share of an average American’s paycheck since 2003, excluding the years affected by the pandemic. A recent analysis by Gas Buddy predicts that gas prices nationally may average $3.08 per gallon, representing the second-lowest figure recorded for a holiday weekend since 2003, indicating a favorable market for travelers.
The decline in gas prices comes as experts note improving supply conditions, suggesting that the low prices could continue through summer. This anticipated trend contrasts sharply with previous years when gas prices spiked due to various refinery complications and supply chain disruptions.
However, while Arizona drivers benefit from these reductions, California continues to experience high gas prices, averaging $4.87 per gallon. Nearby states such as New Mexico and Texas have reported lower prices, generally remaining below those found in Arizona. For context, Mississippi currently holds the title for the lowest gas prices in the nation at $2.66 per gallon.
The demand for travel this Memorial Day is notably strong, reflected in increased inquiries for vacations, cruises, and international flights. AAA estimates that with the current low prices and steady demand, Americans are collectively spending about $175 million less daily on gas compared to the previous year, enhancing the overall travel experience.
For those planning to travel out of state, the current gas price levels may allow for reduced fuel budgeting. As the summer season approaches, forecasts maintain an optimistic outlook, suggesting that gas prices could gradually decrease from Memorial Day to Labor Day if current market conditions persist.
In summary, Arizona sees historic low gas prices this Memorial Day, providing a much-needed boost for travelers. With Circle K’s promotional discounts, consumers have even more incentive to hit the road as the season of summer travel approaches, all while benefiting from economic conditions that favor low fuel costs.
Deeper Dive: News & Info About This Topic
- Fox 10 Phoenix
- Hoodline
- AZ Family
- Encyclopedia Britannica: Gas prices
- Google Search: Arizona gas prices
