From Deseret News archives:
What has gas really cost Utahns?
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For example, in the baseline month of January 2000, unleaded regular cost an average $1.28 a gallon; mid-grade cost $1.37; and premium cost $1.45.
In May 2005, the last month for which EIA data was available, prices had risen to an average $2.21 a gallon for regular; $2.32 for mid-grade; and $2.38 for premium. In May 2005, 72.2 million gallons of regular were sold in Utah along with 7.3 million gallons of mid-grade and 12.2 million gallons of premium. It all cost Utahns about $206.5 million. But at January 2000 prices, it would have cost them about $120.1 million a difference of about $86.4 million.
Of course, prices have gone up even more since May.
American Automobile Association surveys showed the average price per gallon for regular unleaded, as of Tuesday, was at an all-time high of $2.47 in Utah.
E-mail: lee@desnews.com
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