Gas prices continue to fall in Denver, dropping 13.5 cents per gallon over the last week and 51.5 cents per gallon over the last month, according to data from GasBuddy.
While gas prices across the country have been decreasing for three months, Colorado has some of the fastest-falling gas prices in the country, according to a Monday report from AAA.
The news couldn’t come at a better time for travelers, as AAA expects more than 115 million travelers to hit the roads during the holiday season, from Dec. 23 to Jan. 1, according to their Monday report.
As of Monday morning, the average price per gallon in Denver sat at $2.60 and national prices averaged $3.11, according to a news release from GasBuddy. Colorado’s average hit $2.78 per gallon Monday.
“For the 12th straight week, or three straight months, the national average has continued to decline, now at its lowest level of 2023 heading into the prime of the holiday season as oil prices continue to struggle amidst cooling demand,” Patrick De Haan, head of petroleum analysis at GasBuddy, stated in Monday’s news release. “With nearly 80,000 gas stations in the U.S. now priced below $3 per gallon, and 23 states also seeing average prices of $2.99 or less, motorists are getting substantial relief at the pump in time for the holidays.”
According to GasBuddy price reports, the cheapest station in Denver was priced at $1.93 per gallon yesterday while the most expensive was $3.99 per gallon, a difference of $2.06, the news release stated. Denver’s cheapest station had the lowest price per gallon in the state.
Other areas are seeing low prices as well, with Fort Collins averaging $2.86 per gallon and Colorado Springs averaging $2.66 per gallon. Drivers can check where their county falls online with GasBuddy’s interactive map.
“The trend is likely to continue in most states this week, while the national average could soon fall below $3.05 per gallon, the lowest since 2021,” De Haan stated in the release.
With falling seasonal demand, prices are expected to continue dropping through the end of the year and into early 2024, AAA stated in the report.
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