How to Deal with Rising Gas Prices in Utah
As of May 2022, gas prices in Utah average about $4.47 a gallon, but you can cut costs with smart insurance hacks.
Utah is the 21st most expensive state for gas, with an average price of $4.47 per gallon—which means that gas costs about $1.11 more than it did a year ago. But you might pay even more, depending on where in the state you live.
The high cost of oil is one reason that prices at the pump keep going up, but drivers across the U.S. saw gas prices begin to soar after President Biden announced a ban on Russian oil imports on March 8, 2022. Between oil sanctions and a rising demand for gas as COVID-19 restrictions are reduced, you might find yourself paying more for gas in Utah than you ever have before.
Want to learn more about Utah’s rising gas prices? In this article, we’ll talk about the cost of fuel in Utah and what you can do to save money on car expenses.
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What is the average price of gas in Utah?
As of May 2022, the average price of gas in Utah is $4.474, according to
AAA
. While that’s close to the national average of $4.483 per gallon, gas prices in Utah are higher than ever.Keep in mind that if your vehicle uses higher octane gas, then the cost per gallon may be even more expensive. Here’s how much you can expect to pay for each type of gas in Utah:
- Regular: $4.474 per gallon
- Mid-grade: $4.679 per gallon
- Premium: $4.877 per gallon
- Diesel: $5.392 per gallon
If you drive a car that requires premium fuel or a truck with a diesel engine, those numbers can be pretty shocking.
Which city in Utah has the highest gas prices?
While most Utah drivers will pay around $4.47 per gallon for gas, you might find different prices depending on where you are in the Beehive State. Here are the three most expensive cities for gas in Utah:
If you’re looking for lower-than-average gas prices, you can find them in the northern part of the state.
Salt Lake City
and the Provo-Orem Metropolitan Area see average costs of $4.431 and $4.422 per gallon as of May 2022. Why are gas prices in Utah so high?
- Oil: According to theU.S. Energy Information Administration, crude oil accounts for about 59% of the price of a gallon of gasoline. This means that the more expensive crude oil is, the higher prices at the pump will be.
- Refinement: The process of turning crude oil into gas can be expensive, and those costs are factored into how much you pay at the pump. Gas prices rise when the oil supply is diminished or if the refineries run into problems due to inclement weather or other issues.
- Transportation: In general, the more costly it is to produce gasoline, the more expensive it is to transport it to gas stations through pipelines or on trains. This can drive prices up even more.
- Taxes: In addition to Utah’sstate-level gas taxthat adds 31.9 cents to every gallon of gas, a federal gas tax also increases the price of gasoline by another 18.3 cents per gallon.
One more reason that gas prices are on the rise in Utah boils down to demand. The demand for gas took a nosedive during the Covid-19 pandemic while people were driving less due to lockdowns and other restrictions. But as most Utahns have resumed traveling, shopping, and commuting to work, there’s a much higher demand for gas now than there was during the height of the pandemic.
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How to deal with gas prices in Utah
With gas prices nearing an all-time high, how are you supposed to save money? One option is to ditch your car entirely, but that’s far from realistic for most people. Before you resign yourself to pouring thousands of dollars down your car’s gas tank, here are some tips and tricks you can use to cut costs on car-related expenses:
- Stay on top of repairs by following thebasic car maintenance schedulein your vehicle’s owner’s manual. It can be tempting to skip out on paying $40 for an oil change when you’ve just spent $60 to fill up your tank, but keeping up with your car’s regular maintenance now can prevent bigger repair bills later.
- Learning some basic car repairs like how to replace a battery or change a tire means you won’t have to pay labor costs in order to get back on the road. But when it comes to more complicated repairs like a broken gasket or malfunctioning transmission, it’s still best totake your car to a mechanic.
- If you’re like most car owners, your loan payment might be one of your biggest expenses—refinancing your loan with a new lender can help reduce costs. Not sure how it works? Users who shop for insurance with the Jerry app also get access to refinance services to help reduce their monthlycar loanpayments.
- If you’re looking to buy a new car, not only will aneco-friendly vehiclecut fuel costs, you'll earn a tax break withUtah's electric vehicle incentives.
- Just like gas prices, insurance prices change over time. That’s why it’s a good idea toshop for a new car insurance policy every six months.
Save money on car insurance in Utah
Before you let soaring gas prices drain your bank account dry, you can offset those costs by working with the
Jerry
app to save money on some key car-related expenses.You may already know that Jerry can help you shop for low rates with dozens of top-rated
car insurance
companies to help you save money on your policy, but did you know that our trustworthy super app
can help lower your car payment, too? We’re partnering with some of the top lenders in the country to create a loan marketplace that allows you to shop around for the best terms. Want to learn more about how Jerry can help you save? Just contact one of our friendly agents through the app! They’re always there to answer your questions—whether you need advice on the best coverage options or information on how to refinance your loan. As your life changes, your insurance changes, and Jerry is ready to make those adjustments for you.
“I just financed a new car and knew my insurance premium was going to rise.Jerrywas well worth it to use. They helped me find a lower premium and canceled my old policy instantly when I was ready to switch!”—Meghana D.
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