State gasoline prices lower; oil company earnings up

In some places in Arizona this week gasoline prices fell more than 10 cents a gallon, reflecting a nationwide decline.

Lowest in the state is still Tucson, with the average price for a gallon of regular $3.740, a decline of 5.7 cents for the week according to AAA Arizona, the auto club.

The Associated Press reported the state average is $3.91 a gallon, exactly the same as the national average $3.91.

Triple A said Arizona’s highest price for a gallon of regular is $4.14 in Flagstaff.

The highest average price per gallon in the country was $4.623 in Alaska, followed by California $4.583.

Hawaiians pay $4.408.

And the oil companies don’t seem to be hurting.

First quarter earnings for Exxon Mobil soared to $10.89 billion, or $2.03 per share, compared with $9.28 billion, or $1.62 per share, a year ago.

jlamb@gvnews.com | 547-9749