Denver gas prices continue to climb, but some relief could be ahead
Denver gas prices made another jump last week, climbing 8.1 cents per gallon on average, but the national trend provides some hope for consumers.
The average price of a gallon of gas in Denver now sits at $3.26, according to GasBuddy, which conducts daily surveys of Denver’s 844 gas stations.
Prices in Denver now stand 21 cents higher than a month ago and 90.6 cents per gallon higher than this time last year.
However, there could be some relief ahead as nationally prices dipped 2.1 cents per gallon last week.
“The ferocious rise in gas prices has finally started to cool as gas prices have eased across a majority of the country for the first time in months,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in a news release. “There have been some challenges in pockets across the country as demand remains very healthy, and stations in some areas where demand is very high struggle to keep up with demand thanks to the truck driver shortage.”
De Haan said he’s optimistic that gas prices will slowly decline as we near the Fourth of July holiday, but could rise again in July or August if there are any disruptions from hurricanes.
“For now it seems most Americans are simply happy to be getting outside and back to some sense of normal,” De Haan said.
Statewide the average cost for a gallon of gas stands at $3.33, GasBuddy said.
The cheapest gas station in Denver is selling gallons for $2.97, while the priciest station stands at $3.78 per gallon, GasBuddy said, a difference of 81 cents.
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