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Utah Gas Prices continue to fall as Thanksgiving Holiday nears

Average retail gasoline prices in Utah have fallen 2.4 cents per gallon in the past week, averaging $3.10/g Sunday, according to GasBuddy's daily survey of 1,171 gas outlets in Utah. This compares with the national average that has increased 5.1 cents per gallon in the last week to $3.26/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Utah during the past week, prices Sunday were 46.1 cents per gallon lower than the same day one year ago and are 25.1 cents per gallon lower than a month ago. The national average has decreased 5.4 cents per gallon during the last month and stands 17.4 cents per gallon lower than this day one year ago.

"The national average has seen its bounce continue in the last week across most of the nation," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Some of the lows we saw just a couple weeks ago have vanished, replaced by higher digits as oil prices rallied. It will be an interesting week ahead as some notable progress emerged after developed countries came to a partial solution on Iran's nuclear ambitions. Just that action alone may result in significant downward pressure on oil prices as tough sanctions may soon be eased, allowing Iran's oil to flood an already well-supplied marketplace," DeHaan said.

GasBuddy operates UtahGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.




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