If you've gone to the gas station recently you've likely noticed that prices have gone up.
According to AAA gas prices are at their highest average of the year at $2.66, which is only one cent lower than the average for 2017.
Arizona ranks fifth in terms of the states who have a seen a yearly increase in the price of gas when comparing the price at this time this year to this time last year. Other states in the top five include California, Hawaii, Idaho, and Utah. As of April 9, 2018, Arizona has seen a 40-cent increase in prices at the pump, according to recent numbers from AAA.
"Oil prices have been reluctant to move higher than the low $80/barrel range as adequate supply and lower global demand continue to weigh on investors", said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "The pause in oil prices has translated into retail prices that have remained virtually unchanged over the last week", DeHaan says.