Last $125.64 USD
Change Today -2.28 / -1.78%
Volume 1.2M
Z On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
McClatchy-Tribune  08/12/2014 7:36 PM ET
Gas prices fall 18 cents nationally, 4 cents in Utah [Standard-Examiner, Ogden, Utah :: ]

Aug. 12--SALT LAKE CITY -- Across the country, gasoline prices have fallen at the average of 18 cents a gallon, but in Utah the savings is only about 4 cents, according to a report released on Tuesday.

According to AAA, all Utah cities tracked, reported single-digit decreases since last month with the exception of Vernal. The greatest drop, $0.08, was reported by Ogden. Provo's price dropped $0.05. Moab, St. George and Salt Lake City all record $0.04 decreases. Logan experienced the smallest decrease at $0.01. Vernal's price increased $0.04.

Nationally, the average price for regular gasoline is $3.47, which is $0.08 less than a year ago.

The disparity is not uncommon for Utah, which has more expensive gas than other parts of the United States during the hotter months.

"I've been doing this for 18 years and we are always at the upper levels during the summer time," said AAA Utah spokesperson Rolayne Fairclough.

Only nine states report gasoline prices higher than those in Utah, according to AAA figures.

The price dip also comes at a time that more motorists are on the road.

While the level of the price dip is a welcome surprise for many people, the fact that it dipped is not.

Motorists tend to see a lull between the July holidays and Labor Day.

Prices may rise again in anticipation of Labor Day traffic.

The cause for the savings may be the nation's stability.

The U.S. is the largest oil producing country in the world, Fairclough said. Despite the international problems in other oil producing countries in the Middle East and with Russia, the U.S. oil supply is secure.

This summer has also experienced a mild hurricane season, which have kept more refineries online and functioning at normal capacities.

"Things are going in the country's favor to have lower gas prices," Fairclough said.

Despite the possibility of prices increasing again for Labor Day, motorists can expect the prices beginning to drop again at the end of September or the beginning of October, leading into the winter months.

That is the time that Utah motorists enjoy lower gas prices than other parts of the country.

Contact Jesus Lopez Jr. at 801-625-4239 or jlopez@standard.net. Follow him on Twitter at @jesuslopezSE and like him on Facebook at facebook.com/JesusLopezSE.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
Z:US $125.64 USD -2.28

Industry News

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ZILLOW INC-CLASS A, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.