Gas price hikes take a breather for a few days


Published on Friday, June 26, 2009

Last week saw first day in nearly two months that gasoline prices didn’t increase, according to AAA Arizona. Nevertheless, the weekly survey found that Tucson pump prices increased about 4½ cents a gallon over the last week to an average of $2.501 per gallon, which is the lowest average price in the state.

The statewide average last week was $2.669 per gallon, up almost 3 cents per gallon in a week. The national average was $2.676 per gallon, down just three-tenths of a cent from the previous week.

Linda Gorman, public affairs director for AAA Arizona, said supply and demand pressures can be expected to hold down gas prices for a few days until they go up again heading into the Fourth of July holiday weekend.

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Separately, AAA Arizona forecast that out-of-state auto travel for the Fourth of July weekend would drop about 1 percent this year but that air travel would be up about 8 percent. All totaled about 718,000 Arizona were planning holiday weekend trips, 585,000 by car, 74,000 by air and the rest by other modes.
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Comments

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