Hi Chris,
The cable you are seeing in the January, 1941 photo is not a degaussing cable. It is the aircraft fuel line, fitted only to the port side.
Arizona's degaussing cables were fitted to the deck, just inboard of the waterway, port and starboard.
It's difficult to tell exactly how many cables there are from this photo but it looks to my eye to be three round cables. They are arranged two cables on bottom with a third cable on top the two, in the form of a pyramid. I may be wrong.
Three cables is consistent with the number of degaussing cables of other large US Navy warships of similar tonnage. Here's the three-cable layout of USS
Yorktown CV-5:
Jeff Sharp did some really good research on the cables and found that they transitioned from the upper deck forward and midships down to the quarter deck (main deck) in an unusual way. Here's how Jeff modeled the transition and their terminus at the end of the quarterdeck (Jeff's photos).
Jeff will be able to provide you with more information.
Arizona's the aviation fuel (avgas) used for its scout floatplanes was stored in heavily protected tanks located on the lowest decks near the forward magazines and armor protection. The avgas tanks were securely placed below the main decks where the heavily armored structures were designed to protect the powder magazines from the highly flammable gasoline. The ship's avgas storage compartment held roughly 3,500 gallons. For deployment, the aviation fuel was pumped up to the quarterdeck through a pipe mounted to the exterior of the ship on the port side.