From Deseret News archives:
Economy boosting gas price in Utah?
Many residents disagree with official's reasoning
- Page:
- < Previous
- 1
- 2
In the past month, Salt Lake's rack price reportedly has fallen roughly 30 cents a gallon, suggesting that retailers have been slow to lower their prices.
"It's not helpful to take a snapshot of the gasoline marketplace," Peacock said. "You have to look at it over time to get a true picture of what's happening. Sometimes we're lower. Sometimes we're higher, but overall we're lower."
Incorrect information also appears to have compounded confusion among consumers.
John Hill, executive director of the Utah Petroleum Marketers and Retailers Association, told the Deseret Morning News last week that three of Utah's five oil refineries had recently been shut down for maintenance reasons, keeping the state's gasoline prices near record levels.
Peacock said that is incorrect.
"All the refineries are up and running, and they have been all summer," Peacock said. "A couple of them have had some technical issues with parts of their refinery, which may have slowed production a little bit during the summer. As of right now, for the most part, they're all up and running at capacity."
Utah's high gasoline prices prompted Gov. Jon Huntsman Jr. on Friday to call for an investigation.
Today, industry officials will meet with Huntsman's energy adviser, Laura Nelson, and Francine Giani, executive director of the Utah Department of Commerce, to offer their side of the story.
But Walker doubts the state investigation will turn up anything new.
"The whole problem comes because of the lack of competition," Walker said. "A lot of our independent friends are just going by the wayside because they just can't compete against the big boxes, big oil and all these mega-mergers that have taken place.
"I have 23 stations. If anybody wants to buy them from me, I'll sell them to them. And then they are going to see in a heartbeat how tough it is to make money as a retailer."
E-mail: danderton@desnews.com
- Page:
- < Previous
- 1
- 2
Comments
- AP: Dems to drop public option 7:28 p.m.
- Granderson headed to Yanks 7:18 p.m.
- S.L. Co. budget closer to approval 7:16 p.m.
- Walton temp on Lakers' broadcasts 7:15 p.m.
- Sandy studying impact of stadium 7:06 p.m.
- Board moves to regulate uranium 6:59 p.m.
- FBI awards Salt Lake Gang project 6:27 p.m.
- Elder Royden Glade Derrick dies 6:26 p.m.
- Dr.: Mitchell seeks signs from God 6:18 p.m.
- Storm pounds Utah for 2nd day 6:18 p.m.
- BYU football: Bronco weighs in on Hall
- Yet again, we learn BCS is a big joke
- Storm pounds Utah for 2nd day
- Cougars in better mood about bowl
- Williams' late jumper tops Spurs
- Andersen apologizes for Jordan hoax
- Ranking the bowl games
- $2M error could mean layoffs
- Witness: Mitchell stalked victims
- Dr.: Mitchell seeks signs from God
- Y. profs: Beck not all-knowing
276 - Letters: Global warming a lie
211 - TCU to play Boise in Fiesta Bowl
205 - BYU football: Bronco weighs in on Hall
159 - Cougars going back to Vegas
147 - Utah/BYU rivalry can be more civil
141 - George lost in rivalry hatefest
119 - Ed Smart 'appalled' at testimony
101 - Andersen apologizes for Jordan hoax
99 - Harpring's NBA career is over
99
Pittsburgh Post-Gazette writer Joyce Gannon offers the following advice...
Oregon State 31 BYU 13 is my Las Vegas Bowl Prediction. Speed will be a...
It's an overused Chuck Norris joke.
Health Care Reform is needed but not necessarily that spelled out in one...
First off I think this bill is unjustified and extreme. That said I...
right Obama wants to kick himself and reverend wright out of the country....
You can't get into Costco unless you go with a member or pay $45 for a...
The day the House passed their bill, I asserted the Senate would never pass...
I watched the Shumway kid go down last weekend against Kanab. I'am a region...
Oh let's not forget! The items for the bread she is making? Taxed at 3%....
Scientits get their funding from the government, so why wouldn't they fudge...


You can be the first to comment on this story.