Arizona Gas Prices Soar as Crude Oil Costs Climb to Record High
Gas prices in the Valley have seen another increase this week, rising to $4.37 per gallon, according to AAA Arizona's latest report.
The spike is attributed to rising crude oil prices, which have pushed into the $90 per barrel range due to volatility along the Strait of Hormuz and regional instability.
Aldo Vazquez, spokesperson for AAA Mountain West Group, stated that this volatility could continue driving up costs during the second half of the summer.