Business briefs for Saturday, Dec. 16 |

Business briefs for Saturday, Dec. 16

On Saturday, Dec. 16, the first 50 guests that don St. Nick’s attire will ski or ride for free at The Canyons. Guests must be in full costume and no partial costumes will count. Registration will take place at the top of the Cabriolet in the Resort Village from 8-9 a.m.

Coldwell Banker new addition

Coldwell Banker Residential Brokerage has announced the addition of Mauricio Albornoz to its Park City sales team. He is a recent graduate of Stringham Real Estate School.

Temps, gas prices falling across Utah

Gas prices have fallen again for Utah motorists. Following last month’s double-digit drop, prices have fallen another 6 cents on average according to the latest report from AAA Utah.

The average price for a gallon of regular, self-serve gasoline in Utah is currently $2.28. Despite the drop, Utahns are paying 28 cents more than they did a year ago. The current national average price is $2.29. This price is 6 cents more than last month and 11 cents more than a year ago.

Despite mild weather on the East Coast, oil, wholesale and retail gasoline all went up last week when the U.S. Department of Energy reported considerable declines in inventories of oil and gasoline. That, coupled with concern over the next move by OPEC at its Dec. 14 meeting, has forced prices up over most of the country.

The cost of crude oil, the raw material from which gas is made, is rising. Often that leads to an increase in the retail price of gasoline. Part of the increase may be the result of speculation that OPEC will agree to further cuts in oil production at its meeting later this week in an effort to keep prices high. Winter weather and its effect on the demand for home heating oil could also have an impact on the cost of crude and gasoline.

As prices continue to drop motorists can find additional savings by shopping aggressively for the lowest price available. AAA’s Fuel Finder located at has real-time information on gas prices at more than 85,000 stations throughout the United States.

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