VERIFY: Are gas prices in Arizona more expensive than ever?
According to an ASU economist, the average price for a gallon of unleaded gas in Arizona of $4.59 per gallon does not represent the most expensive “real price.”
According to an ASU economist, the average price for a gallon of unleaded gas in Arizona of $4.59 per gallon does not represent the most expensive “real price.”
In this story aired March 14, 2022, on 12 News:
Even though prices in what economists would call ‘nominal terms’ are up, your cost for driving a mile is actually going down for the past decade.
– Lee McPheters, research professor of economics and the director of the JPMorgan Chase Economic Outlook Center
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