DENVER — The average price of a gallon of gasoline in Colorado has increased 86 cents over the last month.
The average price for a gallon of gas is $3.92 in Colorado, as of Monday, Feb. 6, according to new numbers from AAA Colorado.
Gas in Colorado is now 60 cents higher than one year ago. The statewide average was $3.92 on Sunday, $3.83 last Monday, and $3.06 one month ago.
The price of a gallon of diesel in Colorado is $4.79, up from $4.29 one month ago and $3.50 a year ago, an increase of $1.29.
The national average for a gallon of unleaded gas is $3.47, as of Monday, Feb. 6, 45 cents less than Colorado.
Meanwhile, average gasoline prices in Fort Collins have risen 10.4 cents per gallon in the last week, averaging $3.95 on Monday, according to GasBuddy's survey of 119 stations in Fort Collins.
Prices in Fort Collins are 97.5 cents per gallon higher than one month ago and stand 67 cents per gallon higher than a year ago.
"For the first time in 2023, the national average price of gasoline has seen a weekly decline, primarily thanks to a sharp and sudden drop in the price of oil," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While the decline in both gasoline and diesel prices is terrific, it’s not unusual to see prices falling in February, which tends to be the month with some of the lowest gasoline prices of the year thanks to seasonally weak demand."
"For diesel, we're likely to see more declines, and potentially much more significant in the weeks ahead as imports of distillate have accelerated, leading to a sell off. And, with warmer weather ahead, demand may struggle as well. However, especially for gasoline, high levels of coming maintenance and the eventual transition to summer gasoline could lead today's declines to reverse down the road. For now, motorists should enjoy the decline, but be wary as we're likely to eventually see increases again down the road."
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