gas prices

Mike Mozart / Flickr Creative Commons

Gas prices are tumbling, thanks to a glut of petroleum on the world market. That may be great for consumers, but it’s tough for Utah’s petroleum industry and the state budget.

wind turbines
Dan Bammes

Utahns cringe when they look at the prices on the gas pumps these days, though prices here haven’t reached the levels seen in California this fall.  Most of the gasoline that’s refined and sold in Utah comes from oil produced in the Mountain West.  But Utah Foundation researcher Shawn Teigen says the price still responds to national and international markets.