Gas prices spike after oilfield attack

Utah gas prices have risen 3.7 cents per gallon in the past week, averaging $2.83 per gallon Monday, according to GasBuddy’s daily survey of 1,171 stations. Gas prices in Utah are 4.9 cents per gallon lower than a month ago and stand 28.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Utah was priced at $2.49 per gallon Monday while the most expensive was $3.79 per gallon, a difference of $1.30 per gallon. The cheapest price in the entire country Monday stood at $1.79 per gallon while the most expensive was $5.99 per gallon a difference of $4.20 per gallon .

The national average price of gasoline has risen 8.5 cents per gallon in the last week, averaging $2.66 per gallon Monday. The national average is up 7.3 cents per gallon from a month ago and stands 17.4 cents per gallon lower than a year ago.

“For the first time in 10 weeks the national average has risen, and certainly not just a small increase but a very noticeable rise on the heels of attacks on Saudi Arabia that knocked out 5% of daily oil production,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

“Should timelines be extended, motorists may see additional slight increases,” he continued. “Moving forward, expect a week of relative calm after the attacks, but as hurricane season continues to also be active, there are risks that may continue to push gas prices slightly higher.”