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Colorado’s average gas price down 6 cents

© iStock - jovannig
Derek Draplin

(The Center Square) – Colorado’s average price for gas declined 6 cents per gallon over the last week, data from AAA shows.

The state’s current average is $3.66, down from $3.72 a week ago and $4.05 a month ago, according to the data.

Colorado’s average is also below the national average of $3.71, the lowest since early March, AAA said.

AAA analysts noted the continued decline of gas prices comes from lower oil costs. 

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© iStock - wingedwolf

“Less expensive oil usually leads to less expensive gas for drivers,” AAA spokesperson Andrew Gross said in a statement. “This trend has helped pump prices fall steadily for three straight months and, with fall approaching, more markets could soon see prices below $3 per gallon.”  

Colorado’s average gas price is nearing its $3.60 average from one year ago. The state’s highest average on record was $4.92 on June 21, 2022, according to AAA.  

As of Tuesday, the average gas price is $3.60 in Boulder and Denver, and $3.58 in Colorado Springs, according to AAA’s data. Grand Junction’s average is $3.68, while Pueblo’s is $3.45.