Gas prices in Arizona stable but volatility of market makes future hard to predict, analyst says

Apr 19, 2022, 4:35 AM

(Photo by Joe Raedle/Getty Images)...

(Photo by Joe Raedle/Getty Images)

(Photo by Joe Raedle/Getty Images)

PHOENIX — The price people pay at the pump in Arizona has stabilized over the past month, and while a gas analyst doesn’t see a spike coming soon, the volatility of the petroleum market makes the future hard to predict.

“I don’t see anything coming down the pipeline yet, so to speak, and there’s a lot of high-level issues that could flare up,” Patrick DeHaan, head of petroleum analysis at, told KTAR News 92.3 FM’s The Mike Broomhead Show on Monday.

“There’s a lot of unknowns given the possibility of the pandemic flaring up and the Russia war in Ukraine and how the EU (European Union) might respond.”

DeHaan added it’s not impossible that drivers may see higher prices at the pump, but he said “issues haven’t yet materialized to warrant a concern that we’ll see a spike just yet.”

The average in Arizona is $4.56 per gallon, according to AAA, about four cents lower than last week and five cents cheaper than last month. It is much higher than a year ago, however, when the average price for a gallon of gas in the state was $3.06.

Gas prices nationally have also been stable, albeit much lower than in Arizona, currently at $4.08 per gallon and 19 cents cheaper than last month.

DeHaan said oil prices have been volatile, with the price of a barrel up $14 from a week ago but still down by about $27 from the peak.

“But what has gone up has come down and what has gone down has come back up,” he said. “So it’s kind of negated any retail price changes.”

As for what might happen in the coming weeks, that is anyone’s guess as DeHaan said the issues driving the price of gas causes the near future to be unpredictable.

“It goes to a lot of politics and just a lot of unknowns,” he said. “There’s not a whole lot of predictable factors in the market today because of all of these kind of abnormal events happening.”

DeHaan did say he foresees diesel prices continuing to remain challenged longer than gasoline with inventories globally being extremely tight.

“I would not expect a whole lot of improvement in diesel anytime soon,” he said.

We want to hear from you.

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

Arizona News

(Pexels Photo)...

Brandon Gray

Construction on The Shops at Lake Pleasant in Peoria underway

Construction on The Shops at Lake Pleasant in Peoria has started, the shopping center owner Vestar announced in a press release Friday. 

21 hours ago

(Tim Hacker/ Mesa Public Schools)...

ADHS offering free drinking water lead screening for schools, child care facilities

The Arizona Department of Health Services is offering free drinking water lead screening opportunities for schools and child care facilities as part of a nationwide program.

21 hours ago

Arizona Rep. Stephanie Stahl Hamilton (Arizona State Legislature and Pixabay Photos)...

Brandon Gray

Arizona Rep. Stahl Hamilton violated House rules by hiding bibles, Ethics Committee finds

The Arizona House Ethics Committee released its findings Friday on an ethics complaint filed against State Representative Stephanie Stahl Hamilton.  

21 hours ago

(Photo by Justin Sullivan/Getty Images)...

Associated Press

Hobbs vetoes bill requiring schools to limit transgender students’ bathroom access

Arizona Gov. Katie Hobbs has vetoed Republican-sponsored legislation to restrict use of public school restrooms by transgender students.

21 hours ago

(Pexels Photo)...

Suspect arrested after allegedly fatally shooting Little Caesars coworker in Glendale

Police have arrested a suspect accused of fatally shooting a coworker in Glendale on Friday.

21 hours ago

Follow @suelenrivera...

SuElen Rivera

Tempe gets funding from Maricopa County to operate indoor cooling center

The city of Tempe received a grant from the state's most populous county to operate a new indoor cooling center in the East Valley.

21 hours ago

Sponsored Articles


OCD & Anxiety Treatment Center

5 mental health myths you didn’t know were made up

Helping individuals understand mental health diagnoses like obsessive compulsive spectrum disorder or generalized anxiety disorder isn’t always an easy undertaking. After all, our society tends to spread misconceptions about mental health like wildfire. This is why being mindful about how we talk about mental health is so important. We can either perpetuate misinformation about already […]



Thank you to Al McCoy for 51 years as voice of the Phoenix Suns

Sanderson Ford wants to share its thanks to Al McCoy for the impact he made in the Valley for more than a half-decade.



Why drug-free weight loss still matters

Wanting to lose weight is a common goal for many people as they progress throughout life, but choosing between a holistic approach or to take medicine can be a tough decision.

Gas prices in Arizona stable but volatility of market makes future hard to predict, analyst says