Gas Prices in the Beehive State down two cents from last month.

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  • Baron Scarpia Logan, UT
    July 11, 2013 8:20 a.m.

    Our dependence on gasoline and oil forces us to continue to be held hostage to world oil prices, impacted by Egyptian political strife, exploding oil transport trains in Canada, etc. It makes for lots of entertaining news stories such as this and fodder for political and economic pundits.

    The price of wind at Spanish Fork or solar atop of IKEA? The same as it was when they were installed. That's the problem with renewable energy -- stable, predictable and boring prices going forward for the life of those projects. Indeed, utilities typically lock in renewable energy prices for 20 years or more.

    I've spent time in Silicon Valley recently, and I was amazed as to how many electric vehicles are on the roads -- Nissan Leafs, Chevy Volts, and many sleek Tesla Model S's. (car of choice for tech execs)... Most store parking lots have charging stations; solar panels on car ports and high school parking lots... yes, I know this will never happen in Utah, but many Bay Area drivers are increasingly taking advantage of low, price-stable electricity for their transportation, freeing themselves from the entertainment and frustration of yo-yo gasoline prices.

  • wer South Jordan, UT
    July 10, 2013 11:48 p.m.

    The world wide price of crude, the predictions of "experts", and any other so-called impact on price at the pump have little value.

    What really counts is what motorists are willing to pay.

    In Utah, price at the pump should be much lower since our source of oil is in our backyard (not in the middle east), and it is refined here!

    The price at the pump should be much, much lower!

  • Fitz Murray, UT
    July 9, 2013 3:42 p.m.

    It would be real interesting to get a well qualified forensics CPA to do a little auditing on the chain of the petroleum product, that is from extraction to transporting to refining to dispensing at the gas station. I do believe that current price levels for gasoline, including state and federal gas taxes, should not be over $2.75 per gallon for regular unleaded gas, and should be in the $2.50 per gallon range.

    The price of crude moves like a curve ball, you never know where it is going. The hedge fund/Wall Street players move crude oil, refined gas, and all the other commodities, on a daily basis. The current price of crude and gas is not based on supply & demand or cost of goods sold, it is set by a hedge funds and Wall Street who use it for investment purposes, something that the Commodities Market was never intended to do. The blame for these prices falls on Congress, for not updating the commodities laws; the President (past and present) for not enforcing current regulations; and, last but far from least, We The People, for not pushing our elected leaders to do the right thing.