This is an archived article that was published on sltrib.com in 2017, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Pipeline interruptions cause the cost of gasoline to rise in Utah
Interruptions to a pipeline that brings crude oil to Salt Lake's refineries have caused the average cost of gasoline in Utah to rise 18 cents over the past month, leaving the state with the nation's ninth highest price — $2.45 per gallon on Tuesday.
That is 63 cents per gallon more than Utahns were paying a year ago, said AAA Utah spokeswoman Rolayne Fairclough, noting that prices were highest in Moab ($2.61) and lowest in Logan, Ogden and Provo, all of which averaged $2.43 a gallon.
"The current high prices in Utah are not usual for this time year because demand is typically rather lower," she said. "Refiners use these weeks to sell off supplies of winter-formulated fuel before changing to summer blend."
But this year, refiners had to cut production after the Wahsatch Pipeline, which moves crude oil from southwestern Wyoming to North Salt Lake, was shut down Feb. 10 due to earth movement. Repairs were not completed until Friday, Fairclough said, forcing refiners to "rely on crude delivery by trucks, which decreased production and increased production costs."
The average price of gas nationally was $2.29. Lowest prices were in South Carolina ($2.03 per gallon). California had the highest average price in the lower 48 states at $3.00 a gallon.
Virginia-based Natural Retreats acquires Resorts West
Natural Retreats, a Virginia-based travel company specializing in vacation properties, has acquired Resorts West, which manages 125 properties in Park City and at Deer Valley, Park City and Sundance resorts.
Terms were not disclosed.
Resorts West has operated in the Park City area for 17 years, building a portfolio that includes ski in/ski out private homes, condominiums, townhomes and slopeside lodging at Park City Resort's Silver Stars development.
Joe Ballstead, Resorts West's former CEO and owner, said he was pleased that Natural Retreats "shares our vision of creating unforgettable mountain experiences through luxury service and accommodations."
He predicted the acquisition will expose Resorts West's regular customers to more destinations in the parent company's collection.
Eccles Theater gala to hail 130th anniversary of Salt Lake Chamber
The Salt Lake Chamber is celebrating its 130th anniversary April 28 with a gala at downtown Salt Lake City's George S. and Dolores Doré Eccles Theater.
Ticket price: $250.
From 6-7 p.m., visitors can meander through lobbies of the new Main Street theater, snacking on hors d'oeuvres and beverages, that will be decorated to resemble the fashions of different decades.
A "Celebration of Business" program follows in the theater's performance hall. Performers are Utah-based Gentri, Tony Award-winning and Grammy Award-nominated singer Lisa Hopkins Seegmiller and country music performer Lee Greenwood.
Utah business people on the move
Elizabeth (Leeza) Evensen, a partner in the real estate group at the Salt Lake City law firm Snell & Wilmer, was named real estate attorney of the year for the Utah CCIM (Certified Commercial Investment Member).