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Gas Prices Headed For $3 A Gallon By Memorial Day

As the summer driving season kicks off Memorial Day weekend, U.S. government forecasters predict gas prices will touch $3 a gallon. In California, this week, it's already pushing $3.70 per gallon.

The American Automobile Association lists the average price of regular unleaded in Arizona at about 7 cents higher than the national average.

"We've seen oil prices trade at a multi-year high," said Michelle Donati with AAA Arizona. "We've enjoyed the last few years of relatively stable oil prices. But, when oil prices go up especially as sharply as they have to a multi-year high it is going to cause gas prices to increase."

The last time the prices spiked this sharply, she said, was in 2014.

Oil supply prices make up well over half of the cost of a gallon of gasoline.

Donati said oil prices were volatile as word spread of the U.S. decision to pull out of the nuclear agreement with Iran, the fifth largest oil producer in the world.

"Nothing tangible actually has to happen for the price to increase or become volatile," Donati explained. "Just the threat of something happening, or the conversation of something happening can cause it to increase.

Donati said that will dictate what motorists pay for the remainder of summer. She expects Arizona will hit $3 by Memorial Day, with higher prices in northern Arizona and the lowest prices at the pump in and around Tucson.

For perspective, it was ten years ago in July when we were paying $4.11 per gallon.

Holliday Moore is a native Arizonan and veteran journalist who joined KJZZ’s news team in January 2017.Moore graduated from Arizona State University after double majoring in mass communications and marketing/management. She spent her first two decades reporting for television news, beginning in small markets and working up to congressional correspondent in Washington, D.C., for a political news service.Family commitments in Arizona brought her back to the Southwest, where she covered legislative and court beats for Albuquerque’s KRQE-TV and the infamous Four Corner Manhunt as KREZ-TV’s managing editor.Back home in Phoenix, she developed ABC15’s “Democracy Project,” now instituted at all Scripps’ news stations nationwide. Her work garnered “Best Practices” recognition by the Poynter Institute and the prestigious Walter Cronkite Award for Excellence in Television Political Journalism.Her television reports, from sports to cultural issues, earned her multiple Emmy and Associated Press nominations, including a Rocky Mountain Emmy for her Hopi Partition Land Act coverage.As she started a family, Moore started her own media production agency, producing magazine-style travel stories for the Emmy-winning Arizona Highways Television show while working part time for a Valley radio station. She is convinced radio is where visual, sound, and print are merging through deeper storytelling. In her relatively short time with radio network affiliates, she has won four Edward R. Murrow Awards and multiple nominations from other professional news societies.Moore now teaches advanced broadcast writing to the next generation of reporters at ASU’s Walter Cronkite School of Journalism and Mass Communication, where a high percentage have gone on to receive national awards for their work in her class. She enjoys being back home near childhood friends and sharing the beautiful Arizona desert with her husband and young son.