The average for a gallon of regular gasoline in Arizona jumped 8 cents in the past week to $4.54. Meanwhile the national average is 1 cent lower than last week at $4.09. There’s been little movement on the crude oil front due to continued volatility in the Strait of Hormuz. Crude oil prices remain in the $80 per barrel range.

“For the first time ever, the national average in August has been above $4 per gallon every day,” said Aldo Vazquez, spokesperson for AAA Mountain West Group. “This month is poised to set a new record as the most expensive August at the pump, surpassing the previous August record set in 2022. However, Arizona has not reached its record high average of $5.38, which was set in June of 2022.”

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