GasBuddy analyst says Arizona likely won’t see gas under $3 per gallon until war is over

Mar 25, 2022, 9:00 PM

An employee fills a car´s tank at a gas station in Tijuana, Baja California state, Mexico, on Marc...

An employee fills a car´s tank at a gas station in Tijuana, Baja California state, Mexico, on March 24, 2022. - As the United States have registered a historical surge on fuel prices amid Russia's war on Ukraine, gas stations in Tijuana look for US consumers crossing from California, where as of March 24, the average price for regular gas was 5.88 US dollars per gallon and 6.31 for the diesel, according to the American Automobile Association (AAA). (Photo by Guillermo Arias / AFP) (Photo by GUILLERMO ARIAS/AFP via Getty Images)

(Photo by GUILLERMO ARIAS/AFP via Getty Images)

PHOENIX — As war in Ukraine has now entered into the second month, economic effects continue to be felt across the globe and in Arizona.

United States and Arizona drivers facing pressure over increased or leveled-off gas prices likely won’t see them fall back to below $3 per gallon until the conflict is over in Ukraine, GasBuddy analyst Patrick De Haan told KTAR News 92.3 FM’s The Mike Broomhead Show on Friday morning.

“Highlighting the volatility, I think we’ll get a little bit of a downward movement, but things can change very quickly and at any time with the Russia situation continuing to evolve,” De Haan said.

The current average gas price per gallon in Phoenix is $4.67, but the analyst said some stations had prices as low as $4.37 per gallon.

With natural gas across the country being considerably lower than in Europe, De Haan said President Biden’s recent announcement of expanding natural gas shipments into the European Union is likely to help reduce the EU’s dependency on Russian gas.

“It’s better for everyone if Russia can be basically sanctioned and put in a corner, and this is kind of aiming to do that,” De Haan said.

He added that because diesel is the fuel of commerce, and is used by semitrucks, trains and ships, prices aren’t likely to drop for quite some time.

“Given the fact that demand has been very high because it is the fuel of the economy, diesel prices are likely to remain at elevated levels for quite some time,” De Haan said.

We want to hear from you.

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

Arizona News

Members of the U.S. Border Patrol and U.S. Customs and Border Protection organize a group of migran...

Associated Press

Smugglers are bringing migrants to a remote Arizona border crossing, overwhelming US agents

With migrants crossing daily, the U.S. shut down the nearby crossing near Lukeville to free up officers to help with transportation.

20 minutes ago

Kris Mayes, Arizona Attorney General...

Arizona Attorney General Mayes launches investigation into gift card cloning

Arizona AG Kris Mayes launched an investigation into an organized retail theft scheme, his office announced Friday.

2 hours ago

James Osgood, Silver Alert...

Silver Alert issued for 67-year-old man in Phoenix

The Arizona Department of Safety issued a Silver Alert for 67-year-old James Osgood, who went missing on Sunday.

2 hours ago

(Facebook Photo/Phoenix Police Department, file)...

Police identify teen boy who died after shooting in central Phoenix

A teenage boy who was shot and later died in central Phoenix on Saturday afternoon has been identified, according to Phoenix Police. 

7 hours ago

Solar panels...

Damon Allred

Gila River Indian Community to receive solar panels over canals

The Biden-Harris Administration will give $5.65 million to construct and install solar panels over the Casa Blanca Canal.

11 hours ago

Taco Viva...

Brandon Brown/Phoenix Business Journal

Real estate investor to open drive-thru Taco Viva restaurant in Phoenix

Taco Viva, a new restaurant founded by the managing director of a Scottsdale real estate investment firm, is set to open in early 2024.

11 hours ago

Sponsored Articles


Dierdre Woodruff

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

Follow @KTAR923...

West Hunsaker at Morris Hall supports Make-A-Wish Foundation in Arizona

KTAR's Community Spotlight this month focuses on Morris Hall and its commitment to supporting the Make-A-Wish Foundation in Arizona.



Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.

GasBuddy analyst says Arizona likely won’t see gas under $3 per gallon until war is over