Gasoline prices continue to fall in Provo while national prices are on the rise

Local News
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PROVO, Utah (ABC4 News) – The average price for a gallon of gas continues to fall in Provo. The average cost for a gallon of unleaded stands at $2.03, a 3.6 cent drop from last week.

The information comes from GasBuddy’s daily survey of 138 stations in Provo. This information also shows us that average gasoline prices on February 18 in Provo have varied over the last five years– $2.41/g in 2018, $2.18/g in 2017, $1.67/g in 2016, $1.88/g in 2015 and $3.13/g in 2014. 

Other areas across the state are also seeing a decline in gas prices. In Ogden, the average price per gallon is $2.22, which is down from last week’s price of $2.28. In Salt Lake City, you can find a gallon of gas for $2.05, which is 6 cents cheaper than last week’s price of $2.11.

Drivers should be pleased with the low prices seeing as the national average has increased $.03 per gallon versus last week’s price of $2.31.

“Gas prices have advanced to their highest level in nearly two months mainly following as oil prices move higher. Gasoline demand remains seasonally weak, but last week’s report from the Energy Information Administration showed refinery utilization plunging, meaning less gasoline is flowing out of refiners,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

“In addition, bullish data and optimism on a U.S.-China trade deal helped propel markets last week, as well as turmoil in Venezuela making a strong case for a larger absence of heavy crudes the market depends on. But while gas prices are nearly guaranteed to be higher in May than today, it is looking more likely that the rise in prices this year may be more muted than we’ve seen in years past when prices launched 35-75 cents during the spring.”

To see fuel price averages across the county, click here

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