Gas prices expected to skyrocket after announcement of end of nuclear deal

Posted: Updated:
Gas prices are expected to soar. (Source: 3TV/CBS 5) Gas prices are expected to soar. (Source: 3TV/CBS 5)
With President Donald Trump withdrawing from the nuclear deal and imposing sanctions, it could send the market spinning. (Source: CNN) With President Donald Trump withdrawing from the nuclear deal and imposing sanctions, it could send the market spinning. (Source: CNN)
AAA said Arizona gas prices are the highest they've been in years. (Source: 3TV/CBS 5) AAA said Arizona gas prices are the highest they've been in years. (Source: 3TV/CBS 5)
PHOENIX (3TV/CBS 5) -

You may have noticed prices at the pump in Arizona have gone way up in the past couple months, but could something 8,000 miles away make prices skyrocket even more? The short answer is likely yes.

As you keep driving, the numbers keep climbing.

"It’s really gone up,” said driver Julie Mamani. "The last time I bought it, it was $2.70 and now it’s almost $2.90.”

AAA said Arizona gas prices are the highest they've been in years.

[RELATED: What Trump's Iran decision means for oil and gas prices]

“We could very well see $3 gas in terms of the statewide average before Memorial Day,” said AAA spokeswoman Michelle Donati.

It’s left drivers like Mamani considering new wheels altogether.

“I am so ready for an electric car!” said Mamani.

But the bad news is AAA said it might get even worse. With President Donald Trump withdrawing from the nuclear deal and imposing sanctions, it could send the market spinning.

[READ MORE: Trump announces US will exit nuclear accord with Iran]

“If the market reacts to this decision by way of higher oil prices, that will translate to higher gas prices for consumers,” said Donati.

But other drivers like Peter Sheppard have noticed that steep pump price.

“Oh God, yes, since January,” said Sheppard.

He’s now focusing on better technology, hoping that puts the brakes on breaking the bank.

[RELATED: Obama: Leaving Iran deal 'misguided']

“I think we’ll get fuel efficiency in our cars and some safety, and then that’ll kind of offset…just kind of budget for it,” said Sheppard.

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Briana WhitneyBriana Whitney joined CBS 5/3TV in February 2018, and is no stranger to the sunshine and heat!

Click to learn more about Briana.

Briana Whitney

She’s from Northern California, but prior to coming to Phoenix, she reported at KIII-TV in Corpus Christi, TX for three years.

During her time in South Texas, she reported on several national stories. Some of the most memorable were the 2015 Wimberley floods, reporting for eight hours off the Gulf of Mexico during Hurricane Harvey in August of 2017, and reporting from the church shooting in Sutherland Springs in November of 2017.

Her general assignment reporting won her two Associated Press awards, six EMMA awards, and one Emmy nomination for a half-hour special she wrote, produced and hosted on the issue of child pornography.

Briana graduated with a degree in broadcast journalism from Cal Poly San Luis Obispo, and during college had seven different internships at several news stations.

When she isn’t chasing breaking news or working on a feature story, Briana loves checking out the best restaurants in the Valley, and hiking or rollerblading around town. Briana is very happy to have made Arizona home!

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