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Gas Prices At The Pump Lower This Week, But We Could See Another Rise Soon

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Prices at the pump saw another decline in Arizona this week. Triple-A Arizona says the average price of gas in the state is $3.59 a gallon, which is down nearly a cent-and-a-half from last week, and down 14-cents a gallon from last month. Even though the price of gas is down this week around the state, it may go back up soon. Triple-A spokesman Aldo Vazquez says turmoil overseas is driving up oil prices, which in turn could affect prices in the U.S. He says, “the price of crude oil is closing in on $80 per barrel as events on the far side of the world are fueling the recent rises, like the protests in Kazakhstan has led to oil production cuts there.” He adds, “cuts like that shows that in times of tight supply, it doesn’t take much to put pressure on the overall price of oil and since the global price for oil accounts for nearly half of what consumers pay at the pump, higher oil costs usually results in higher gasoline costs.” In Flagstaff, the average price of gas is unchanged from last week, staying at around $3.80 a gallon, however many stations in Flagstaff have seen declines of over ten-cents a gallon over the past couple of weeks. Some stations are selling gas for $3.59 and lower. In Prescott, the average price of gas is down nearly-three cents a gallon from last week to $3.51 a gallon.