(Gas Prices) Utahns struggle with record high prices for gas, food and other goods - Salt Lake Tribune

The cost of filling up on both unleaded gasoline and diesel in Utah and the nation hit another record high Wednesday, further pinching consumers already coping with higher prices for food and other goods. Utah and the nation are being hit with a triple whammy - record oil prices, at $115 per barrel; disruptions in foreign oil supplies; and the typical increase at the pump each year as the summer driving season draws near - said AAA Utah spokeswoman Rolayne Fairclough. On a broader scale nationally and in Utah, record gasoline prices helped drive inflation last month, both directly through the cost of gasoline and indirectly via higher airline tickets as airlines paid higher jet-fuel bills. Wells Fargo economist Kelly Matthews said that in Utah and the rest of the country energy prices also are contributing to higher prices for food. On the gasoline front, although a number of consumers along the Wasatch Front on Wednesday were going online to report filling up with unleaded for as low as $3. Record gasoline prices helped drive inflation last month, directly through the cost of gas and indirectly through food and other goods costing more. read more

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