Gas prices slip after election oil spike

Despite a brief surge in oil prices after Tuesday’s election, oil and gasoline prices settled with a slight drop this week, AAA says.

Arizona’s statewide average gas price edged downward almost a penny in a week to $2.16 per gallon of regular on Thursday.

Nationwide, prices dropped more than 2 cents to $2.20.

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Tucson kept the state’s lowest average gas price, which fell nearly a penny in a week to $2.03 per gallon on Thursday.

AAA Arizona said weakening demand and stable crude-oil costs could push prices lower heading into the Thanksgiving holiday, barring unforeseen circumstances.