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Pump prices expected to hit record high

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Posted: Thursday, February 9, 2012 2:52 pm | Updated: 7:27 am, Fri Feb 10, 2012.

The price of gas is rising for the seventh week in a row. East Valley drivers are paying a penny and a half more than last week, as prices reached $3.444 a gallon.

Nationwide, the average fuel price climbed 3.3 cents to $3.488 per gallon. Statewide, the price of fuel has increased 2.5 cents to $3.433. Arizona's fuel average has increased 22.6 cents - or 7 percent - since the start of the year.

Arizona drivers experienced the highest fuel prices in January on record, a trend that has spilled over into February. The 2012 Arizona fuel average for January was $3.311, an increase of 12 percent over the January 2011 average of $2.960.

"Current market factors aren't working in favor of consumers who have endured unseasonably high pump prices for the past two months," said Linda Gorman, director of communications and public affairs for AAA Arizona. "Looking ahead, the cost of fuel is almost certain to make a record run later this year."

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4 comments:

  • Slabside posted at 3:48 pm on Thu, Feb 9, 2012.

    Slabside Posts: 1680

    Rising gas prices are the sign of a failed presidency.

     
  • downtownresident posted at 8:25 pm on Thu, Feb 9, 2012.

    downtownresident Posts: 766

    Only gas prices?
    Who's to blame for the rest?

     
  • soricobob posted at 3:40 am on Fri, Feb 10, 2012.

    soricobob Posts: 664

    Does anyone else remember when gas prices would stay the same for months at a time (except for "gas wars" among competing service stations)? Now, if there's a skirmish prices go up, if there's a hurricane, if there's a tornado, if there's a threat of a hurricane, if we're worried, if we're not worried..I guess we should drive electric or drive less.

     
  • Juggernaut8000 posted at 5:25 am on Fri, Feb 10, 2012.

    Juggernaut8000 Posts: 576

    Gas prices are only a sliver of Obama's failure. He should be incarcerated for the remainder of his existence for treason and dereliction.

     

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