gas prices

Inflation in metro Phoenix rises again; region stays No. 1 for highest rate in the country

The fuel-price spike was exacerbated by declines in private energy investments in recent years, including fuel-distribution networks in the West, explains Dennis Hoffman, director of ASU’s Office of the University Economist.

In this article published May 11, 2022, in the The Arizona Republic:

These reduced investments have resulted in a slowing of domestic output and distribution over the past five to six years as energy investors have become increasingly attracted to investments in renewables, not in fossil fuels.

Dennis Hoffman, director of the L. William Seidman Research Institute and director of ASU’s Office of the University Economist

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