Utah’s average price for a gallon of regular gasoline has steadily increased since the first of the year. The current average price, $3.54, is the same as yesterday, $0.06 higher than a week ago, $0.13 higher than a month ago and $0.17 lower than a year ago. Twenty-two states have prices lower than Utah. Hawaii reports the highest average price in the country at $4.39 and California has the highest price in the contiguous 48 states at $4.02 a gallon. Utah’s highest average price in 2011 was $3.74 reported on May 7. In 2012, the highest average price was $3.84 on September 14.
All of the Utah cities, which AAA tracks as a service to consumers, report increases this past month. The average price in Salt Lake City and Vernal rose $0.15. St. George reported the smallest increase of $0.08.
The national average price is $3.58 for a gallon of regular gasoline. This price is $0.01 lower than yesterday, $0.06 lower than a week ago, and $0.12 lower than last month’s AAA gas report. Today’s $0.35 cent decline from a year ago is the largest such decrease since October of 2009. The national average price has now fallen for six straight days and 35 of 40 days since the 2013 peak price to date of $3.79 on February 27. In 2011, the national average for regular gasoline peaked at $3.98 on May 5. In 2012, the price peaked at $3.94 on April 5 and 6.
“Retail gasoline prices in the country surged at the start of 2013 with a record breaking increase of 49 cents attributed to somewhat higher crude oil prices, but mostly due to a decline in refinery production and higher gasoline futures prices,” reports Rolayne Fairclough, AAA Utah spokesperson. “The falling retail gas prices across the country are a result of increased refinery production and economic concerns.”
At the close of formal trading yesterday West Texas Intermediate (WTI) crude oil settled 66 higher at $93.36 per barrel after tumbling during the second half of the week as a result of economic concerns. In comparison with recent years, first quarter 2013 WTI traded in a relatively narrow range of $7.82. WTI began 2013 at $93.12, increased to a high of $97.94 on January 30, and dropped to $90.12 on March 4. In the first quarter of 2011, WTI traded in a $22.40 range and in a $13.41 range in first quarter 2012.
NATIONAL 3.58 - .12
UTAH 3.54 + .13 LAS VEGAS 3.70 - .12
LOGAN 3.52 + .10 LOS ANGELES 4.05 - .20
MOAB 3.73 + .13 PHOENIX 3.63 - .15
OGDEN 3.50 + .14 RENO 3.84 - .07
PROVO 3.52 + .12 SAN FRANCISCO 4.18 - .09
ST. GEORGE 3.69 + .08
SALT LAKE CITY 3.50 + .15
VERNAL 3.52 + .15
ARIZONA 3.63 - .11
COLORADO 3.59 + .03
IDAHO 3.51 + .06
MONTANA 3.37 + .02
NEVADA 3.74 - .09
NEW MEXICO 3.47 - .02
WYOMING 3.35 + .04
One way consumers can reduce the amount of money they spend on fuel is to shop aggressively for the lowest price. AAA now offers text alerts via mobile phone for low gas prices in your area. Sign up today at www.aaa.com/gas.
To get the best mileage possible, AAA recommends keeping tires at the proper pressure, performing routine maintenance and making sure fluids are clean and belts and hoses are in good repair. Smooth driving to avoid sudden stops and starts, combining trips and lightening your load also help conserve gasoline.
AAA’s Fuel Gauge Report is the most comprehensive retail gasoline survey available, with over 100,000 self-serve stations surveyed every day, nationwide. Data is provided in cooperation with OPIS Energy Group and Wright Express LLC.