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
Latest news
- Bigger baskets or smaller margins? What scan-and-go really means for retailers
New research finds that in-store scanning apps drive more spending on big-ticket goods but cut…
- Leading the movement to fix fast fashion
As a college student, Jennifer Hyman founded a clothing rental service that reimagined how…
- U.S. Department of Labor warns shortages could drive up food prices
Labor shortages could lead to a 10% increase in food prices, explains a W. P.