Gas prices in Utah jump 36 cents in one month -- Despite healthy oil inventories in the United States, gas prices in Utah jumped 36 cents in just one month to yet another new record high, according to a report from AAA Utah on Tuesday.

"The United States has relatively healthy oil inventories, and in the past, inventory strength typically kept prices in check," said Rolayne Fairclough, AAA Utah spokesperson. "But strong inventories are not enough to keep prices down when compared with increasing worldwide demand, constrained oil output by producing nations and the belief by investors that prices will move even higher in the coming months."

"As motorists look to the summer months, they will need to plan carefully to keep gasoline expenses down," Fairclough said. "The increase in demand during summer typically pushes prices upward, and, as always, fuel prices are impacted by unforeseen geopolitical events, weather disasters and breakdowns in oil refining infrastructure."

Novell to buy back up to $100M of its stock -- The board of directors of Novell Inc. authorized the repurchase of up to $100 million of its outstanding shares of common stock.

The Waltham, Mass.-based software development company, with 1,200 workers in Provo, said in a statement Tuesday that share repurchases may be made in the open market, through Rule 10b5-1 arrangements, or in privately negotiated transactions, including through block trades and the use of derivative securities, or otherwise. The manner, timing and amount of any repurchases will be determined by the company's management. There is no fixed termination date for the repurchase program.