Natural Gas Prices in Yuma, AZ
Residential natural gas prices in Yuma, AZ averaged $25.57 per thousand cubic feet in June 2023. This average rate was about 26.8% more than the U.S. average rate. To learn more about natural gas rates in Yuma, AZ, visit the U.S. Energy Information Administration.
The statewide average for a gallon of regular unleaded fuel in New Mexico is $2.10. This is the cheapest statewide annual average since 2016.
Yuma’s Climate and Cost of Living
Yuma gets an average of 3 to 4 inches of rain per year, with most rain falling between July and September. The median home cost in Yuma is $201,075, which is lower than Arizona’s average of $249,300.
Housing expenses in Yuma are 13% below the national average. This allows residents to lead a comfortable life while enjoying a small-town feel. Yuma has a population of 99,349.
Renewable Energy and Transportation
With 559 megawatt hours generated, Yuma County ranks 40th in solar power electricity generation. Yuma County has seen a 2.94% annual increase in electricity generation from solar power. The average price of gas in Yuma is around $2.75 per gallon. However, Yuma is somewhat bikeable.
Consult all information to know the cost of living in Yuma whether you are traveling, living, working, or vacationing. Data is based on costs of various products, goods and services, including salaries, food prices, housing costs, and transportation prices in Yuma allow residents to lead a comfortable life.
Gasoline Price Factors in 2023
Why is gas expensive in 2023? Prices hit new highs as oil supply squeezes. The national average hit $3.88.
Arizona requires a particular oil blend meeting regulations, which makes fuel costlier. There is a pipeline shortage as California and New Mexico supply gas via limited pipelines. Refinery issues cause supply limits and price spikes.
California introduced winter blends early, opting for cheaper ingredients that help cars start, potentially lowering prices by 15-20 cents a gallon. California has limited storage, making it vulnerable to price spikes, especially during high demand when it relies on costlier out-of-state gas.
The gas price equation: Crude Oil + Refining Process + Retail Sales/Distribution + Taxes = Gas Price. Additional factors add to the complexity.
The Russia-Ukraine war disrupted supply chains, and banning Russian oil has worsened this issue. High demand coupled with low supply has led to increased prices.
Inflation also impacts gasoline; prices rose 10.6% in August over July. Land scarcity in Arizona raises housing costs, and drought-resistant landscaping is becoming a costly need. Location also plays a significant role in determining prices.