Business briefs, July 18-21 | ParkRecord.com

Business briefs, July 18-21

PR,

Three members join restaurant association

Jafflz, Copper Moose Farm and the Park City Culinary Institute have recently joined the Park City Area Restaurant Association. "We are thrilled to welcome not one, but three phenomenal organizations to our Association," said Ginger Ries, executive director of the Park City Area Restaurant Association, in a press release. "Cooper Moose Farms, the Culinary Institute, and Jafflz will add to Park City’s diverse collection of offerings and our reputation as one of the foremost gourmet food destinations in the world."

Gas prices dip slightly in Utah

Average gas prices are down six cents in Utah so far in July and trending downward. According to press release from AAA Utah, a regular gallon of gas costs, on average, $2.97 in the state, which is 74 cents lower than at the same time last year. The national average for gas is $2.78, which is also substantially lower than last year, a decline AAA Utah attributes to strong global oil supply. "The current drop in prices at the pump is certainly giving drivers a reprieve during the typical high demand and resulting higher prices of the summer driving season," said Rolayne Fairclough, AAA Utah spokeswoman, in the release.

Transportation increases consumer price index

Transportation prices drove up the Zions Bank Wasatch Front Consumer Price Index 1.3 percent from May to June. According to a press release, the index has increased 1.4 percent from the same time last year, which is above the national average for inflation, but below the Federal Reserve’s inflation target. The cause of the rise from May to June was price increases of vehicles, car rentals, air fare and cab fare. "Slightly higher prices across the board indicate that businesses are thriving in Utah," said Scott Anderson, Zions Bank President and CEO, in the release.