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Utah's gasoline prices jump 21 cents in April

Utah's gasoline prices jump 21 cents in April

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Andrew Adams and AP reporting Gasoline prices in Utah jumped 21 cents in April. It now costs you on average $3.47 a gallon to fill up.

That's actually 15 cents a gallon better than the national average. But last year at this time, we were paying $3.01.

AAA says the jump is the result of several factors, including the soaring price of oil and signs of struggle at the stock market.

Rolayne Fairclough of AAA Utah says gas also tends to be a more expensive blend in the summer because refiners use an additive to help reduce pollution and slow evaporation in the hot weather.

With crude oil demand on the rise, Shell Oil President John Hofmeister says we need a policy change to allow more production.

"We could be producing a lot more of our own oil, which would go a long way toward relieving pressure on price," he said.

Analysts do say a strengthening dollar might help against crude demand and could lower prices at the pump, too.

Lee Peacock, president of the Utah Petroleum Association, says prices in Utah are lower than other states because refiners and suppliers in the state have been able to keep the local market adequately supplied.

(The Associated Press contributed to this report. Copyright 2008 by The Associated Press. All Rights Reserved.)


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