As of January 12, 2023, according to the American Automobile Association, the average gas price in the state of Utah is $3.233 per gallon for regular unleaded gasoline. This is slightly lower than the national average of roughly $3.272 per gallon.
With that being said, gas prices can vary depending on the location within the state. In urban areas like Salt Lake City, gas prices are naturally slightly higher than in more rural or less populated areas. The prices have been fluctuating over the past few months, with the average price often going up and down by a few cents. The prices tend to be higher in the summer months due to increased demand for gasoline as more people are able to take road trips and travel. Along with that, natural disasters and other events that disrupt the supply chain can also cause these gas prices to spike.
One of the main factors that influence gas prices in Utah is the cost of crude oil. Crude oil is the primary material used to make gasoline, and its price can fluctuate greatly depending on a variety of factors such as political instability, natural disasters, and changes in global demand. When the price of crude oil goes up, it leads to a raise in gas prices.
Another factor that affects gas prices is the state’s tax on gasoline. According to the Utah State Tax Commission, Utah has a gas tax of 36.41 cents per gallon. This tax is used to fund transportation projects and infrastructure improvements in the state. The state also imposes a sales tax on gasoline, which varies depending on the county. In Utah, we have many gas stations and gas suppliers. These companies compete with each other to offer the lowest prices to consumers. This competition helps to keep prices in check, but it also means that prices can vary depending on the location. Some gas stations may offer lower prices to attract customers, while others may charge more for the convenience of being in a busy area. Fortunately, since the pandemic, the prices have come down from what they were.
During the pandemic as many people know, gas was reaching prices that were becoming unaffordable and that took a toll on many residents of the Beehive State. Even though the prices are not what they were prior to Covid, as long as there is an effort to bring these prices down it is a win in many people’s eyes. Hopefully, we are able to come down to those pre-covid prices within the near future.