Salt Lake City—Utah’s average price for gasoline held steady this week ahead of summer travel season and following one of the busiest Memorial Day weekends in years.
On Tuesday, Utah residents were paying an average of $2.54 for a gallon of unleaded regular gas, the same price most drivers paid a week earlier. The average price of a gallon of gas in Salt Lake City ($2.50) and Provo ($2.49) was nearly identical.
The national average price for gasoline was $2.34, four cents lower than a year ago. Last year, Utah residents paid an average of $2.41 per gallon.
Prices at Utah pumps spiked as demand increased before Memorial Day; a month ago, the average price of gas in Utah was $2.45 across the state, and $2.40 in Salt Lake City. Prices could continue to fluctuate, but are unlikely to drop much as travel demand picks back up, according to AAA.
American drivers used a record 413 million gallons/day of gas during the week leading up to Memorial Day.
The national average price for gasoline was $2.34, four cents lower than a year ago. The price of crude remains below $50 a barrel.
“Demand is increasing in the region ahead of the summer travel season, but refinery production is still high,” said AAA Utah spokesman Mike Blasky. “If refiners continue to produce record amounts of gasoline and oversupply the market, consumers will reap the benefit.”
|AAA Monthly Gas Price Averages:||Price||Monthly Change|
|SALT LAKE CITY||2.50||+ .09|
|SAINT GEORGE||2.57||+ .01|