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Front Page » August 12, 2010 » Carbon County News » Gasoline prices inching up
Published 1,884 days ago

Gasoline prices inching up

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Utah's average gasoline price is moving up slowly, according to AAA Utah.

The association reports that the average pump price is at $2.90 a gallon, up three cents from last month. Among the lower 48 states, Utah's average price before taxes and fees has been above the national average since January.

The national average for regular is now at $2.78, which is a seven-cent increase since July.

"Even though there has been a slight rise in the statewide average pump price over the past month, the overall up and down nature of prices across Utah reflects the mixed signals that exist when it comes to the economy and the demand for gasolline, said AAA Utah spokesperson Rolayne Fairclough. "Uncertainty about the economy and forecasts for a highly active storm season continue to influence how investors look at oil as a commodity to invest in. These factors have helped to keep the price for a barrel of oil around the $80 mark."

According to the Federal Highway Administration's vehicle miles traveled data, July and August are historically the months when Americans drive the most miles. Fuel demand at this time of year generally provides the support for higher fuel prices in the summer.

There was no pattern recorded in Utah cities surveyed by AAA. Logan and St. George have the same average prices as in July, $2.90 and $2.91.

Provo went up four cents to $2.96 between July and August. Salt Lake also went up four cents to $2.85.

Ogden and Vernal, on the other hand, dropped two cents per gallon. Ogden is now at $2.84 and Vernal at $2.92.

Moab recorded the greatest drop this month. At $2.92, it is seven cents lower than July.

AAA Utah says one way to cut the amount of money spent on fuel is to shop aggressively for low prices.

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