Gas prices slip but volatility lies ahead
After a two-week price surge, Arizona fuel prices have switched gears, although it's uncertain how long this relief will last, according to AAA Arizona.
This week, the statewide average shed nearly 3 cents to $3.54 per gallon of regular gas on Friday. Nationally, prices dropped about 2 cents in the past week, to $3.63 per gallon.
Tucson kept the state's lowest average price at $3.39 per gallon, down about 2 cents from last week. Flagstaff had the highest average price in the state, at $3.74.
High crude prices, the possibility of refinery glitches or supply disruptions from Gulf Coast hurricanes and an end of the summer spike in demand could push prices higher this month, AAA said.
The statewide average price of gas in July was $3.51 per gallon, the second-highest average on record for the month.
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