Gas prices around the state dropped nine cents to $4.71 a gallon, and the national average dropped 16 cents to $4.31 a gallon.
“Although prices have dropped after Memorial Day demand passed, gas prices remain the highest they’ve been in four years,” said AAA Mountain West Group spokesperson Aldo Vazquez in a release. “They’ll likely remain elevated as the busy summer driving season gets underway.”
At the close of Wednesday’s formal trading session, crude oil fell $5.21 a barrel to settle at $88.68 a barrel. The Energy Information Administration reports crude oil inventories decreased by 3.3 million barrels from the previous week. At 441.7 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year.
