In Tucson, Ariz., an ARCO station is selling gasoline from $1.12 a gallon. It is just one of a number of stations in Tucson selling a gallon of regular for $1.15 or less. That is against a national average of about $1.71 a gallon, as well as $1.37 for Tucson and $1.51 for all of Arizona.
Arizona has two of the 12 cities in the United States with the lowest gas prices, while Texas has four, according to GasBuddy. Three stations in Cuero, Texas, are also selling gas near $1.15 a gallon. Cuero, ostensibly the unofficial turkey capital of the world, benefits from being near the huge refinery cluster on the Gulf of Mexico and south of Houston.
The price of crude remains near multiyear lows, just above $31 a barrel on Thursday. The price has a 52-week low of $26.05 and 52-week high of $65.69. An agreement among several producing nations to cap production at January levels has not helped boost prices significantly. Demand is slack worldwide, to some degree because of the slowdown in the Chinese economy.
Besides proximity to refiners, another contributor to gas prices are state and federal taxes that affect gas prices from place to place. According to the American Petroleum Institute, the national average is $0.48 per gallon. Arizona and Texas are near the bottom of the list, at $0.3749 and $0.384, respectively. 24/7 Wall St. recently analyzed states with the highest and lowest gas taxes.
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