Utah gas prices have risen 0.4 cents per gallon in the past week, averaging $2.95 per gallon Monday, according to GasBuddy’s daily survey of 1,171 stations. Gas prices in Utah are 9 cents per gallon higher than a month ago and 1.7 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Utah was priced at $2.52 per gallon Monday while the most expensive was $3.59 per gallon, a difference of $1.07 per gallon. The cheapest price in the entire country Monday stood at $1.71 per gallon while the most expensive was $4.99 per gallon, a difference of $3.28 per gallon.
The national average price of gasoline has fallen 1.6 cents per gallon in the last week, averaging $2.58 per gallon Monday. The national average was down 1.6 cents per gallon from a month ago and stood 14.7 cents per gallon higher than a year ago.
“The nation’s average gasoline price on Thanksgiving was slightly higher than expected at $2.58 per gallon, with a close to even split with roughly half the nation’s states seeing average prices decline in the last week, while the other saw upward moves on continued speculation on a possible U.S./China trade deal,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
“Moving in to December, aside from a possible trade deal that has been elusive for nearly 16 months, gas prices typically trend lower during the month as refiners continue to increase throughput after maintenance season and as overall weather curbs gasoline demand, easing prices. While prices are now notably higher than a year ago, I’d place much of the blame on a strong U.S. economy and continued optimism that some sort of U.S. and China trade tie-up will be wrapped up.”