Mon February 11, 2013

Colorado Gas Prices Hover Below National Average

Gas prices in Colorado currently average $3.30 a gallon. That’s about a quarter less than the national rate of $3.55 a gallon according to the gasoline pricing website GasBuddy.com.

The recent 13.3 cents a gallon price spike in Colorado is outpacing the national increase of 5.7 cents. Including the recent hike in price, a gallon of gas costs about 26.5 cents more now than it did a year ago and 47 cents more than a month ago.

Senior Petroleum Analyst Gregg Laskoski says Winter Storm ‘Nemo’ that hit the east coast last week seems to have flattened out the rate of increase for prices in the Northeast but that's not affecting western states.

"On the west coast motorists are less fortunate. With western refineries producing at 75% capacity, less than any other region, California has seen its average price increase by 14 cents per gallon over the past week; doubling the rate of increase over the same period for the rest of the country,” says Gregg Laskoski.

The national average for gasoline is up just 7.2 cents per gallon from a year ago and is 28.2 cents higher  than last month.

Screencap of the 12 month Average Retail Price via GasBuddy.com
Credit GasBuddy.com

Related Program