Utah gas prices have risen 2.2 cents per gallon in the past week, averaging $2.67 per gallon Monday, according to GasBuddy’s daily survey of 1,171 stations. Gas prices in Utah are 7.8 cents per gallon lower than a month ago and 15.4 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Utah was priced at $2.25 per gallon Monday while the most expensive was $3.49 per gallon, a difference of $1.24 per gallon. The cheapest price in the entire country on Monday stood at $1.87 per gallon while the most expensive was $107.90 per gallon, a difference of $106.03 per gallon.
The national average price of gasoline fell 3.9 cents per gallon last week, averaging $2.50 per gallon Monday. The national average is down 6.6 cents per gallon from a month ago and 25 cents per gallon higher than a year ago.
“Worry has gripped oil markets, sending the commodity plunging in value in recent weeks with downdrafts in gas prices starting to accelerate with motorists continuing to be the beneficiaries,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “With oil prices now nearly $6 per barrel lower than a week ago and nearing their lowest level since October, there’s plenty more room for the decline in gas prices to be extended again.
“While the national average could fall into the $2.30s before all is said and done,” he continued,
“the downward move likely won’t last much more than a few more weeks. For now, my advice to motorists is don’t be in a rush to fill – nearly every station nationwide will be cutting their prices in the days ahead – but shop around if you do need to fill up and patronize the stations with the lowest prices.”