Gas prices in Arizona are still climbing as we head into the Thanksgiving holiday, but some relief may be on the way. Triple-A Arizona says the average price of gas is $3.74 a gallon, which is a about three-cents higher on average from last week. In Flagstaff, gas prices are also up nearly three-cents a gallon this week to $3.87. In Prescott, gas prices are up nearly four-cents a gallon this week to $3.68 on average. The price of crude oil fell below $80 a barrel earlier this week after news that the Biden Administration will release 50-million barrels of oil from the national stockpile, with other countries on board to do the same. “The price of crude oil accounts for about 50-to-60 percent of what consumers pay at the pump, so a lower oil price should translate into better gasoline prices for drivers,” said Triple-A spokesman Andrew Gross. He adds, “until global oil production ramps back up to pre-pandemic levels, this recent dip in the price of crude may only be temporary.” The price of oil was $78 a barrel as of Tuesday morning.
NAU Falls To Montana In Men’s And Women’s Basketball Saturday
January 22, 2022
3:54 pm
