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Future of gas prices as more people get back on the road

Posted at 8:45 AM, Oct 13, 2020
and last updated 2020-10-14 12:35:15-04

Hurricane Delta made landfall over the weekend in Louisiana, causing gas prices to spike in some parts of the country.

AAA says U.S. refineries shut down because of a loss of power, but inspections are now underway and production is expected to start again this week.

Aldo Vazquez with AAA Arizona says Arizona saw a rise in gas prices in 2017 with Hurricane Harvey and 2018 with Hurricane Florence. However, prices aren’t expected to be impacted this time around.

“We’ve seen some record low numbers and that has to do with the coronavirus with more people working from home, less people on the road,” Vazquez said. “We did see more motorists move onto the road as restrictions lifted and more people started getting out there and exploring a little bit more, but still the demand wasn’t as strong enough to cause any dent on gas prices.”

The current average in Arizona is $2.27 a gallon, which is slightly above the national average of $2.18.

Over the summer, Vazquez says gas prices were the cheapest we’ve seen since 2016. But as more people get back onto the road, could they spike back up again?

Vazquez says it’s too early to tell.

“A lot of people are still just working from home, there’s not a lot of movement out there on the roads so there’s not a lot of demand to outweigh supply,” he said. “So we don’t anticipate, but we never know.”

To find the cheapest gas prices in the Valley, click here.