Arizona gas prices on the rise for now, but that won’t last, expert says

Aug 10, 2023, 4:25 AM | Updated: 6:56 am

(Allen J. Schaben/Getty Images)...

(Allen J. Schaben/Getty Images)

(Allen J. Schaben/Getty Images)

PHOENIX — Prices at the pump in Arizona are quickly increasing, but that won’t last, according to an industry expert.

Tom Kloza, global head of energy analysis at price reporting agency Oil Price Information Service, told KTAR News 92.3 FM on Wednesday there is a good reason for the rise.

“I think we’ve seen prices go up this month for crude oil and we’ve seen some strength in some of the gasoline prices in the middle of the country,” Kloza said. “I’m afraid you’re victim of that at the moment.”

Arizona’s average of $3.97 a gallon as of Wednesday is six cents more than a day earlier and 12 cents higher than a week ago, according to AAA. A month prior, Grand Canyon State drivers were paying an average of $3.79 per gallon.

Nationally, the average sat at $3.82 on Wednesday.

Kloza added that refinery issues in places seeing extreme temperatures — notably in west Texas — aren’t helping.

The upcoming hurricane season will also cast doubt on the possibility of lower prices, Kloza said.

Even so, increases won’t get close to earlier this year when prices eclipsed $5 a gallon and were the highest in the nation.

“I think you’re looking at numbers around $4,” Kloza said. “Maybe some of the off-priced folks are below that, but you’re not looking at anything quite as strong as you saw I think in May or early June.”

Kloza expects the final three months of the year to provide relief for Arizona drivers.

“I think the fourth quarter you’re going see prices drop in time for Christmas shopping, but between now and then it’s still very, very tough sledding,” Kloza said.

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

Booking photo of Eric Donald Jones and a stock image of a house on fire. Jones, a former Chandler f...

Former Chandler firefighter sentenced to 10.5 years for setting ex-girlfriend’s house on fire

A former Chandler firefighter was sentenced to 10 1/2 years in prison for setting an ex-girlfriend's house on fire two years ago.

42 minutes ago

Graphic of cyber crime yellow tape. Pinal County, Arizona, schools confirmed their data processing ...

Ford Hatchett/ABC15 Arizona

Payroll issues: Ransomware attack impacts 21 Pinal County school districts

Pinal County schools confirmed their data processing service was attacked recently, putting paychecks in jeopardy for some employees.

2 hours ago

The Phoenix City Council unanimously approved new district boundaries on Sept. 26, 2023....

Kevin Stone

Phoenix City Council unanimously approves new district boundaries

The Phoenix City Council unanimously approved new district boundaries on Tuesday. The updated map goes into effect Jan. 1, 2024.

3 hours ago

File photo of a row of smoothies. Three Phoenix-area Tropical Smoothie Cafes are offering freebies ...

3 Phoenix-area Tropical Smoothie Cafes offer freebies, specials for grand opening weekend

Three Phoenix-area Tropical Smoothie Cafe locations will give away free smoothies for a year Saturday as part of their grand opening weekend.

4 hours ago

File photo of a crime scene in Phoenix, Arizona. A man was wounded in a shooting inside a Phoenix c...

Man wounded in shooting inside Phoenix convenience store

A man was wounded in a shooting inside a Phoenix convenience store Thursday night, authorities said.

5 hours ago

(Getty Images Photos)...

Arizona Gov. Katie Hobbs meets with Mayorkas in DC to discuss border security

Arizona Gov. Katie Hobbs met with Homeland Security Secretary Alejandro Mayorkas to express what she wants to see at the southern border in D.C. on Wednesday.

8 hours ago

Sponsored Articles



When most diets fail, re:vitalize makes a difference that shows

Staying healthy and losing weight are things many people in Arizona are conscious of, especially during the summer.


Mayo Clinic

Game on! Expert sports physicals focused on you

With tryouts quickly approaching, now is the time for parents to schedule physicals for their student-athlete. The Arizona Interscholastic Association requires that all student-athletes must have a physical exam completed before participating in team practices or competition.



At Ability360, every day is Independence Day

With 100 different programs and services, more than 1,500 non-medically based home care staff, a world-renowned Sports & Fitness Center and over 15,000 people with disabilities served annually, across all ages and demographics, Ability360 is a nationwide leader in the disability community.

Arizona gas prices on the rise for now, but that won’t last, expert says