Local industry officials say oil from the Strategic Petroleum Reserve will not be distributed to refineries on the Wasatch Front, which purchase oil from fields in Utah, Wyoming and Colorado.

But Chevron U.S.A. spokesman Hugh Dickey said the sale of 5 million barrels of reserve crude nationwide should stabilize oil prices locally. "It will have some positive psychological effects on the market," he said.Since mid-July crude oil prices have soared about 50 cents a gallon for Utah refineries, he said. The increases have been partially passed onto consumers, who have seen gasoline prices increase more than 30 cents a gallon.