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Utah leaders, oil industry pledge refinery output boost; Speaker Schultz announces 15% gas tax cut starting July 1
Summary
Gov. Cox, House Speaker Mike Schultz and industry leaders announced a partnership to increase Utah refinery output by a stated goal of 23,500 barrels per day over five years and Speaker Schultz said the state will reduce the gas tax by 15% beginning July 1; officials said the measures are meant to lower pump prices and strengthen regional supply.
Gov. Cox, House Speaker Mike Schultz and representatives of Utah’s petroleum industry announced a joint effort to bolster local fuel supplies and lower pump prices, saying the plan pairs industry production commitments with state policy changes.
At a state press event, Gov. Cox said industry partners have committed “a bold goal of increasing refinery production by 23,500 barrels per day within the next 5 years” to help ensure affordable fuel for Utah and neighboring states. He framed the initiative as part of Operation Gigawatt and said the state will support refinery…
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