Holiday pump prices near record high - East Valley Tribune: Business

Holiday pump prices near record high

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Posted: Saturday, September 1, 2012 1:14 pm | Updated: 12:30 pm, Tue Sep 4, 2012.

While state and national gas prices jumped about 11 cents in the last week, East Valley drivers are paying 12.3 cents more — $3.575, according to AAA Arizona.

Hurricane Isaac pounded pump prices across the state and country upward this week, just in time for Labor Day weekend. The state and nationwide average both jumped 11 cents to $3.608 and $3.826 per gallon, respectively.

The 564,000 Arizonans embarking on Labor Day road trips will be met with some of the highest Labor Day pump prices on record. Last year at this time, East Valley drivers paid $3.290 per gallon.

“As a result of Hurricane Isaac’s threat to the Gulf of Mexico refining region this week, motorists may spend more than ever before to fill up for fuel this Labor Day,” said Linda Gorman, spokeswoman for AAA Arizona. “However, current pump prices will not deter Arizonans from taking one final road trip this summer. And fortunately, since Isaac didn’t cause any significant damage to infrastructure, Gulf Coast refineries should be back online soon, which will further able pump prices to retreat after the holiday — barring unforeseen circumstances.”

Tucson and Flagstaff hold the low and high state fuel averages at $3.532 and $3.739 per gallon, respectively. Colorado and California holds the lowest and highest prices in the lower 48 states at $3.542 and $4.153 per gallon, respectively.

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