Economy

Utah Sees Lower Gas Prices

You might be happily surprised next time you go to fill up your tank.  According to a recent report by AAA, Utah’s average price for a gallon of gasoline is down nearly 31 cents across the state. AAA Spokesperson Rolayne Fairclough says this is a traditional time for low gas prices however she says a higher national supply coupled with a lower demand are behind last month’s dip.

“We should continue to see a decrease in demand after the holidays of course and good supply. The refinery issues that we had throughout the country have been resolved so this is a time where drivers can catch their breath and see a bit of a lower price tag at the pump,” she says.

Utah’s lowest gas prices are in Logan at $3.29, Ogden at $3.35, and Salt Lake City at $3.40. While costs are down, Fairclough says the price of a gallon of gasoline is still 24 cents higher than a year ago.

“We are experiencing high prices relative to a year ago. But that being said we should see our prices go down. And it will only go into next year, maybe by the first quarter we can see how 2013 is pricing out relative to past years,” she says.

Utah ranked third among ten states for the greatest decrease in the cost of a gallon gasoline last month, with the average at $3.40.


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