Another week, another drop in local gas prices

Local News
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PROVO, Utah (ABC4 News) – A GasBuddy survey of 138 gas stations in Provo shows another decline in prices at the pump for drivers.

The average price for a gallon of unleaded gas stands at $2.08. Over the last five years, the prices in Provo have varied, with the highest price per gallon at $3.01 in 2014, and the lowest price per gallon at $1.72 in 2016.

Other areas across the state are also seeing a sizeable drop in gas prices. Ogden saw a drop of over $.04 and the average price per gallon there now is $2.28. Salt Lake City experienced a drop of over $.06 to see an average price of $2.11.

Nationally, the average price for a gallon of gas has increased and currently stands at $2.28/gallon.

“The national average price of gasoline barely nudged higher last week, driven primarily by stations hiking prices notably in the Great Lakes early last week, pushing the national average to $2.30 per gallon mid-week before those states saw stations again cutting prices and chiseling away at the nation’s average price over the weekend,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

“With oil prices sinking last week to $51 per barrel on concerns over a slowdown in trade talks with China, many states saw a respite in gas prices. However, as pipeline specifications begin to shift towards the first step towards summer gasoline requirements in the weeks ahead, the overhang in gasoline inventories will likely start to dry up and push gas prices higher.”

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