Average retail gasoline prices in Utah have fallen 4.4 cents per gallon in the past week, averaging $2.05/g Sunday, according to GasBuddy’s daily survey of 1,171 gas outlets in Utah. This compares with the national average that has not moved in the last week to $2.03/g, according to gasoline price website GasBuddy.com.
Areas nearby Utah and their current gas price climate: Provo- $1.97/g, Ogden- $1.98/g, Salt Lake City- $1.98/g.
“The next 24 hours will likely see the national average drop to a new six-plus year low. The U.S. average needs to fall just seven-tenths of a penny from its current $2.032 per gallon (to $2.025/gal.) to be the lowest since March 25, 2009,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “OPEC is going to wait for production to resume from Iran before looking at oil production quotas again next year. …High oil production will likely continue to boost already record high oil inventories, keeping gasoline prices somewhat subdued. The national average has once again resumed falling after Turkey’s downing of a Russian fighter jet caused a brief hiatus, but with prices moving lower, a $1.99 national average gasoline price could be something we witness this week.”
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