Gas prices decline in Utah as crude oil takes tumble
Fuel • Average down 20 cents in the past month.
Published: July 12, 2012 07:09AM
Updated: October 30, 2012 11:32PM
Chris Detrick | The Salt Lake Tribune A analyst noted that 60 percent of the gas stations in the Rocky Mountain region have gas below $3 per gallon, while only about 25 percent in the rest of the nation are at that level.

Every metropolitan area in Utah over the past month saw a drop in the average price for unleaded regular gasoline.

AAA Utah, which tracks prices throughout the state, said the average on Wednesday was $3.52, down 20 cents from a month ago.

“The recent drop at the pump was largely driven by lower crude oil prices around the globe,” said Matt Skryja, spokesman for AAA Utah. “The decline is linked to a slew of concerns about global economic weakness, including worries about sovereign debt in Europe, signs of a slowing economy in China and bearish economic data in the United States.”

Of the Utah cities surveyed by AAA, Vernal had the highest average price at $3.68 a gallon. Ogden had the lowest, at $3.45. The average price in Salt Lake City was $3.47 cents a gallon.

Skryja noted that the average price of unleaded regular gasoline nationally stands at $3.38, down 16 cents from a month ago and 25 cents less than the national price last year.

He said Hawaii, holds the dubious crown for the highest average price in the nation at $4.41 a gallon. The highest price reported by AAA in the continental U.S. was in Eureka, Calif., where the average was $3.98.

Gas prices in Utah

Wednesday • $3.52

Week ago • $3.57

Month ago • $3.72

Year ago • $3.50

Record high • $4.22 (July 18, 2008)

National averages

Wednesday • $3.38

Week ago • $3.34

Month ago • $3.54

Year ago • $3.63

Record high • $4.11 ( July 17, 2008)

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