Gas prices keep falling in Utah but remain higher than national average

DRAPER, Utah — Fuel costs in Utah have fallen 32 cents over the past month, in response to AAA, reducing the state’s common for a gallon of normal to $3.78 on Monday.

“It’s good to have the ability to not pay over $80 for a full tank of gasoline anymore,” stated Lehi resident Charlotte Marler. “Now, it’s down a very good $20.”

Through the summer time — when Utah gasoline costs reached a document of $5.26 a gallon — Marler prevented filling up a full tank and restricted driving.

“As soon as summer time began, I type of simply pulled again on driving simply due to the gasoline costs,” she stated.

Utahns are welcoming the aid on the pump as they’ve watched costs drop 13 cents in simply the final week.

“I’m very completely satisfied that they’re decrease,” stated Saratoga Springs resident Roger DeBry. “I want they’d gone decrease sooner.”

DeBry stated he seen that Utah’s costs are nonetheless a lot larger than the nationwide common, which fell to $3.40 a gallon on Monday.

A spokesperson for AAA stated there are a variety of things contributing to the cheaper gasoline.

“There are financial fears of a recession taking place in some nations, particularly China, and that’s pushing the worldwide oil market down,” stated Julian Paredes. “Additionally, on the identical time, U.S. demand for gasoline has been slightly bit decrease than it has been final yr, and refineries are again in full manufacturing once more.”

Costs ought to proceed to fall, Paredes stated. Nevertheless, it’s unclear what the affect can be from continued OPEC cuts to manufacturing and the embargo and value cap on Russian oil.

“For the foreseeable future, gasoline costs can be trending downward,” Paredes stated. “Plenty of locations within the U.S. are already seeing gasoline costs beneath $3 a gallon.”

The latest drop in costs places the nationwide common decrease than it was when Russia invaded Ukraine on the finish of February.

Paredes stated Utah and different states within the West ought to anticipate their gasoline costs to stay larger than the nationwide common.

AAA stated Texas has the most affordable gasoline within the nation at $2.78, adopted by Oklahoma at $2.86.