ARIZONA NEWS

Only a matter of time until Arizona gas prices average $4 a gallon, analyst says

Jan 21, 2022, 4:25 AM | Updated: 11:59 am

(AP Photo/David Zalubowski)...

(AP Photo/David Zalubowski)

(AP Photo/David Zalubowski)

PHOENIX — It’s only a matter of months before most Arizona drivers are paying $4 a gallon for gas, according to an oil industry expert.

Patrick De Haan with GasBuddy told KTAR News 92.3 FM the average fill-up could reach the $4 mark as early as April.

Arizona and Phoenix drivers are already paying about 30 cents more per gallon than the national average, which is hovering around $3.30.

“The risk is that Arizona and Phoenix will probably be ahead of the national average, which we expect could hit $4 by Memorial Day,” De Haan said.

De Haan believes the state could be in jeopardy of breaking the record for average price for a gallon of gas of $4.07 set in 2008.

The pandemic continues to have an effect, but it’s not the only factor pumping up the prices, according to De Haan.

A combination of supply chain issues in California and conflicts in oil-producing countries, including in Russian, Kazakhstan and Libya, isn’t helping, De Haan said.

“The entire west coast is generally very tight,” De Haan said. “They import gasoline and they don’t export it. They simply don’t have enough supply.”

KTAR News 92.3 FM’s Jim Cross contributed to this report.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

A band performs during an Arizona Bike Week motorcycle rally in Scottsdale, Arizona...

Kevin Stone

Yelawolf, George Thorogood, Everclear round out Arizona Bike Week concert lineup

The concert schedule for Arizona Bike Week 2024 in Scottsdale is set, with Yelawolf, George Thorogood and Everclear joining the lineup.

3 hours ago

A man was shot and killed in northwest Phoenix on Feb. 23, 2023. (Facebook File Photo/Phoenix Polic...

KTAR.com

Police seeking suspect after man shot dead in northwest Phoenix alley

The Phoenix Police Department is looking for a suspect after a man was shot dead in a northwest Phoenix alley on Thursday evening.

6 hours ago

The Fairmont Scottsdale Princess is eyeing a big expansion on-site. (VRX Studios/Justin Kriel)...

Ron Davis/Phoenix Business Journal

Fairmont Scottsdale Princess eyes expansion of guest rooms, restaurants, event spaces and more

The iconic Fairmont Scottsdale Princess filed a request to the city of Scottsdale to update its master plan.

8 hours ago

Follow @KTAR923...

KTAR.com

TSMC reaches construction milestone for Phoenix chip factory

Taiwan Semiconductor Manufacturing Co. in Phoenix reached a construction milestone on its chip plant this week.

10 hours ago

Stock image of four men working off the ground on a grid of steel rods. Construction was one of Ari...

Kevin Stone

Arizona had 103 fatal work injuries in 2022, a sharp increase from previous year

There were 103 fatal work injuries in Arizona in 2022, according newly released federal statistics, 54% more than a year earlier.

11 hours ago

Rep. Ruben Gallego (D-AZ) attends a House Armed Services Committee hearing on July 9, 2020, in Wash...

KTAR.com

Ruben Gallego calls Arizona US Senate rival Kari Lake’s switch up on John McCain ‘insulting’

Democratic Arizona U.S. Senate candidate Ruben Gallego isn't buying Kari Lake's change of heart when it comes to John McCain.

11 hours ago

Sponsored Articles

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

...

Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

(KTAR News Graphic)...

Boys & Girls Clubs

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

Only a matter of time until Arizona gas prices average $4 a gallon, analyst says