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Commodities

Paradise Valley Gas Prices Climb Amid Crude Oil Volatility

Guavy AI Editorial Team
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Oil
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Gas prices in Paradise Valley have continued their upward trend, rising by another 25 cents to reach $4.37 per gallon. This increase comes as a result of rising crude oil prices, which are currently hovering around $90 per barrel due to volatility along the Strait of Hormuz and regional instability.

Aldo Vazquez, spokesperson for AAA Mountain West Group, attributed the spike in gas prices to these factors. According to Vazquez, 'Rising crude oil prices are behind the spike at the pump.'

The state average has also seen an increase of 18 cents per gallon over the previous week, landing at $4.34 per gallon.

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