East Valley gas prices keep going up - East Valley Tribune: Business

East Valley gas prices keep going up

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Posted: Sunday, September 16, 2012 10:40 am | Updated: 9:24 am, Mon Sep 17, 2012.

Fuel prices continued to rise in the last week, with East Valley drivers now paying $3.704 per gallon, up 2.7 cents as of Thursday, according to AAA Arizona.

Prices are at historic September highs across the state and country, the AAA release states. The Arizona average rose 2.6 cents in the last week to $3.725 per gallon, while the national average gained 4.6 cents to $3.869 per gallon.

Prices in the last month have soared 35 cents in Arizona and 17 cents nationwide. “Many motorists were anticipating that September would bring an end to this six-week price surge,” said Linda Gorman, AAA Arizona spokeswoman. “However, due to current market factors and volatility, Arizonans are going to have to wait a little bit longer for relief to arrive.”

AAA Arizona attributes a number of factors to the price increases, including “sluggish economic news.” The cost of crude oil remains more than $90, as it was for the last five weeks.

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