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A home for sale in Tempe. Experts say limited supply due to a drop in foreclosures on the market is helping drive up prices around Arizona. [Cronkite News Service]
FILE - In this Wednesday, Sept. 26, 2012, file photo, a "sold" sign sits out in front of a home in Riverview, Fla. A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. (AP Photo/Chris O'Meara, File)
FILE - In this Wednesday, Sept. 26, 2012, file photo, a "sold" sign sits out in front of a home in Riverview, Fla. A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. (AP Photo/Chris O'Meara, File)
The Hollywood Sign serves as a background to a sign advertising gasoline prices approaching $5.00 per gallon at a Shell station in the Hollywood district of Los Angeles Tuesday, Oct. 9, 2012. The cost of a gallon inched up to another record high Tuesday as the average price for regular gas in California was a bit over $4.67 a gallon, a state record and the highest in the nation, according to the AAA's Daily Fuel Gauge Report. (AP Photo/Reed Saxon)
Gas prices have increased in Arizona, yet they are not as high as California, shown Wednesday, Oct. 10, 2012 in Mesa. [Tim Hacker/Tribune]
Gas prices have increased in Arizona, yet they are not as high as California, shown Wednesday, Oct. 10, 2012 in Mesa. [Tim Hacker/Tribune]
Gas prices have increased in Arizona, yet they are not as high as California, shown Wednesday, Oct. 10, 2012 in Mesa. [Tim Hacker/Tribune]
A home for sale in Tempe. Housing experts say a limited supply of homes for sale, due to a drop in foreclosures on the market, is helping drive up prices around Arizona.
This Tuesday, Aug. 21, 2012, photo, shows an exterior view of a home sold in Palo Alto, Calif. (AP Photo/Paul Sakuma)
FILE-In this Tuesday, Aug. 28, 2012, file photo, a man pumps gas into his van while a sign advertises that a gallon of regular unleaded costs $4.09 at the Speedway on South Westnedge Avenue in Kalamazoo, Mich. Drivers are facing the biggest one-day jump in gasoline prices in 18 months, Wednesday, Aug. 29, 2012, as Hurricane Isaac swamps the nation's oil and gas hub along the Gulf Coast. The nationwide average for a gallon of regular gas rose a nickel Wednesday to $3.80 as refineries shut down or cut back to protect against Isaac's high winds and heavy rain. (AP Photo/Kalamazoo Gazette, Mark Bugnaski)
Ben Thomas, a plumber with Benjamin Franklin Plumbing, fills up his work truck at a gas station in Chandler, Tuesday, March 6, 2012. [Tim Hacker/ Tribune]
Ben Thomas, a plumber with Benjamin Franklin Plumbing, fills up his work truck at a gas station in Chandler, Tuesday, March 6, 2012. [Tim Hacker/ Tribune]
Ben Thomas, a plumber with Benjamin Franklin Plumbing, fills up his work truck at a gas station in Chandler, Tuesday, March 6, 2012. [Tim Hacker/ Tribune]
Gas prices shed another 8 cents in the East Valley in the past week, according to AAA Arizona.
Prices are advertised at a gas station Tuesday, Feb. 21, 2012 in San Francisco. U.S. retail gasoline prices rose less than a penny Monday to a national average of 3.57 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular is 19 cents higher than it was a month ago and 40 cents more than a year ago. AP Photo/Marcio Jose Sanchez)
A motorist pulls the nozzle out of his gas tank after fueling his car at a station in Augusta, Maine, on Monday, Aug. 15, 2011.
A motorist buys gas for his boat, getting an early start on the Holiday weekend traffic Friday July 1, 2011 in Burbank, Calif. The national average now stands at $3.55 per gallon. That's the cheapest gasoline has been since late March. It's still higher for this time of year than any other year except 2008, however. (AP Photo/Nick Ut)
In this May 23, 2011 photo, a home is shown for sale in Chagrin Falls, Ohio. Home prices have reached their lowest points since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. (AP Photo/Amy Sancetta)
Vu To finishes filling his gas tank at a Shell gas station where, at $4.199 a gallon, the price is among the highest in the area, Tuesday, April 26, 2011, in the Seattle suburb of Bellevue, Wash. In the U.S., gas pump prices have climbed for 35 straight days even though industry surveys show Americans have started to drive less. To said that, because of escalating gas prices, he no longer puts premium gas in his SUV and has not seen any difference with the regular gas he's been using for months. (AP Photo/Elaine Thompson)
By Mark Scarp, contributing columnist
By Jerry Brown, contributing columnist
Guest Commentary by Bill Richardson
Guest Commentary by Shawn Thiele
By Mark Heller, Tribune
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