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Gas prices continue to fall across the state

Local News
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PROVO, Utah (ABC4 News)- Good news for drivers at the gas pumps, especially in Provo! GasBuddy’s daily survey of 138 stations shows Gasoline prices have fallen $.08 in the past week.

The average price per gallon in the city right now is $2.24, but if you look at the five-year trend, this price per gallon falls right in the middle. Over the last five years, average gasoline prices, per gallon, on January 21, have been $2.41 in 2018, $2.18 in 2017, $1.89 in 2016, $1.84 in 2015 and $3.06 in 2014.

Areas near Provo have also seen a drop in gas prices. Ogden’s average price per gallon is $2.45, which is down $.02 from last week. In Salt Lake City the average price per gallon is $2.29, down $.05 from last week.

Nationally, GasBuddy says the price per gallon has increased $.06 versus last week where the national average was $2.24 per gallon.

Patrick DeHaan, head of petroleum analysis for GasBuddy says the prices we are seeing now is the calm ahead of the storm.

“The transition to summer gasoline, a three-month process, will begin in the weeks ahead, so the current period is still the calm before the storm,” says DeHaan.

“If a broad trade agreement with China does come to pass, that will enhance the normal rise of 35-75 cents per gallon that we see nationally from February’s low prices to Memorial Day weekend’s prices- so what you see today will likely feel like a completely different world than what we expect near Memorial Day.”

Click here for a look at fuel price averages.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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