Phoenix gas average eclipses $5 a gallon with more increases likely this summer, expert says

May 18, 2022, 11:15 AM | Updated: May 19, 2022, 4:58 pm

PHOENIX — Phoenix has eclipsed an average of $5 for a gallon of gasoline and prices are likely to continue rising for a while, an industry expert said Wednesday.

Patrick De Haan with GasBuddy told KTAR News 92.3 FM’s The Mike Broomhead Show it’s unlikely prices hit $6 per gallon, but Russia’s ongoing conflict with Ukraine will continue to have a negative impact on gas costs.

The average price Wednesday in Phoenix was $5.03, outpacing the state average of $4.83 and national average of $4.57.

“A lot of this is going to be contingent on Russia’s oil and when it could make it back to the global market,” De Haan said. “With Russia fighting actively in Ukraine, that’s something that may not happen soon.

“So, we could be stuck with high and rising prices for some time.”

De Haan said even with the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, it’s not enough to combat rising prices.

He still expects heavy road travel during the summer, even with expensive gas costs.

“I’m going to say that some people are going to stay closer to home,” De Haan said. “Some people may not move at all, but there’s still a big chunk of Americans that are going to be hitting the road this summer in light of probably the best summer conditions since COVID.”

Lifetime Windows & Doors

We want to hear from you.

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

Arizona News

Protesters shout as they join thousands marching around the Arizona Capitol after the Supreme Court...
Kevin Stone

Proposed Arizona ballot initiative to ensure abortion rights running out of time

Proponents of a ballot initiative to amend Arizona’s constitution to guarantee abortion rights have a week left to gather enough signatures to put the issue before voters this year.
15 hours ago
(AP Photo/John Locher)...

Peoria joins other Valley cities in implementing first stage of drought management plan

Peoria on Wednesday became the latest Valley city to announce implementation of the first stage of its drought management plan.
15 hours ago
(Instagram Photos)...
Kevin Stone

Phoenix Mexican restaurant Ladera Taverna closing, will reopen as The Vig

Ladera Taverna y Cocina is saying adios this weekend after six years in Phoenix’s Sunnyslope neighborhood and will be converted into another location of The Vig.
15 hours ago
(File Photo by John Moore/Getty Images)...

MCAO fires prosecutor who falsely charged protest suspects

The longtime Maricopa County Attorney's Office prosecutor whose charges against people arrested at a 2020 protest came under intense scrutiny was officially fired this week.
15 hours ago
(Pixabay Photo)...

Police investigate over-the-counter laxative tampering incident at Scottsdale Walmart

Police said they are investigating a drug tampering incident involving over-the-counter laxatives sold at a Scottsdale Walmart.
15 hours ago
phoenix landscape skyline...
Associated Press

Maricopa County near top in white, Black, American Indian, Hispanic population growth

Metro Phoenix's Maricopa County had among the biggest population growth in white, Black, American Indian and Hispanic residents last year, according to new U.S. Census Bureau estimates.
15 hours ago

Sponsored Articles

Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
Christina O’Haver

BE FAST to spot a stroke

Every 40 seconds—that’s how often someone has a stroke in the United States. It’s the fifth leading cause of death among Americans, with someone dying of a stroke every 3.5 minutes.
Arizona Division of Problem Gambling

Arizona Division of Problem Gambling provides exclusion solution for young sports bettors

Sports betting in Arizona opened a new world to young adults, one where putting down money on games was as easy as sending a text message.
Phoenix gas average eclipses $5 a gallon with more increases likely this summer, expert says