Utah gas prices still soaring, but drop expected
SALT LAKE CITY — Utah gas prices continue soar, but one analyst predicts we’ll have some relief soon.
The Holly Frontier refinery fire in Woods Cross in March is still hurting Utah oil output.
“That is limiting output likely through the end of April,” said Patrick DeHaan, senior petroleum analyst at Gas Buddy. “And the price of crude oil is hovering near multi-year highs.”
DeHaan also factors crude oil selling at $69 a barrel, high travel demand, and summer blend production, into Utah’s average of nearly $3.00 a gallon for regular gasoline.
He thinks it’ll reach $3.25, but come down by June 1.
“Refinery maintenance in the region and the country should wrap up in the weeks ahead,” DeHaan said. “And the transition to summer gas should be over.”
Utah’s gas prices are up 55 cents a gallon since March.
Today’s Top Stories
- Man dies during performance at Battle Creek Field of Flight Air Show
- Several people killed in Copenhagen mall shooting, police say
- Layton City is under extreme firework restrictions
- UPDATE: Shooting on TRAX platform leaves one dead, one injured
- Update: Vehicle crashes into Famous Footwear, leaving four injured
- Tooele City releases fireworks restrictions map
- Herriman mother saved by off-duty police officer
- Semi-truck rolls on I-80 at U.S.-40, Silver Creek Junction
- UPDATE: SLCPD investigating party shooting that left one in critical condition
- Fireworks and some open flames are now banned in Park City