Gas prices are falling across the country, but not in Arizona. Here's why
According to AAA data, gas prices in Arizona are up nearly 90 cents from a year ago. An ASU economist says it’ll take time to see prices back to something ‘more normal.'
In this story aired and published on Sept. 14, 2022, on 12 News Arizona:
If you are asking me, ‘Are oil prices and gas prices going to return to what we regard as more normal?’ I would say, absolutely. Definitely. 'You asked me when? I would say, short term: no. Long term: yes.
– Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center
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