x
Breaking News
More () »

Average gas price jumps 10¢ overnight in Colorado

A gallon of gas in Colorado is $1.55 higher than one year ago.

DENVER — The average price of a gallon of gasoline in Colorado jumped 10 cents overnight to set another all-time high in the state.

The average price for a gallon of gas is $4.72 in Colorado as of Tuesday, June 7, according to new numbers from AAA Colorado.

Gas is now 45 cents higher than one week ago in Colorado and $1.55 higher than one year ago. The statewide average was $4.62 on Monday, $4.27 last Tuesday, and $4.05 one month ago.

The price of a gallon of diesel also set a new record high in Colorado on Tuesday, June 7, at $5.46.

The national average for a gallon of unleaded gas is $4.91 as of Tuesday, June 7 — 59 cents more than a month ago, and $1.81 more than a year ago.

Where to find the cheapest gas in Denver

The cost of a barrel of oil is nearing $120, nearly double from last August, as increased oil demand outpaces the tight global supply, according to AAA.

"People are still fueling up, despite these high prices," said Andrew Gross, AAA spokesperson. "At some point, drivers may change their daily driving habits or lifestyle due to these high prices, but we are not there yet."

The nation’s top 10 most expensive markets:

  1. California ($6.34)
  2. Nevada ($5.49)
  3. Hawaii ($5.47)
  4. Oregon ($5.41)
  5. Washington ($5.40)
  6. Illinois ($5.40)
  7. Alaska ($5.37)
  8. Washington, D.C.
  9. ($5.06)
  10. Michigan ($5.05)

"Odds are rising that we'll eventually see the national average reach that dreaded $5 per gallon," said Patrick De Haan, head of petroleum analysis at GasBuddy.

Where to find the cheapest gas in Denver

RELATED: Why are U.S. oil companies not ramping up production to cash in on record high gas prices?

RELATED: Here's the summer concert schedule at Coors Field

> Top stories curated daily just for you! Sign up for the 9NEWSLETTER to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.

SUGGESTED VIDEOS: Warrior Way

MORE WAYS TO GET 9NEWS

Subscribe to our daily 9NEWSLETTER

Download the 9NEWS APP
iTunes: http://on9news.tv/itunes
Google Play: http://on9news.tv/1lWnC5n 

HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE

ROKU: add the channel from the ROKU store or by searching for KUSA.

For both Apple TV and Fire TV, search for "9news" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.

Paid Advertisement