Colorado Weekly Gas Price Update

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DENVER, Colo. (KJCT)- Colorado gas prices have fallen over 1 cent per gallon in the past week, averaging $2.54/g today, according to GasBuddy's daily survey of 2,158 stations.

Gas prices within the state are 13.4 cents per gallon lower than a month ago and stand 41.8 cents per gallon higher than a year ago.

The cheapest station in Colorado is currently priced at $1.96/g today while the most expensive is $3.99/g, a difference of $2.03/g.

Overall the national average price of gas has fallen 3.5 cents per gallon in the last week, averaging $2.42/g today.

Neighboring areas and their current gas prices:
Fort Collins- $2.49/g, down 6.5 cents per gallon from last week's $2.55/g.
Colorado Springs- $2.39/g, down 6.8 cents per gallon from last week's $2.45/g.
Denver- $2.39/g, down 3.3 cents per gallon from last week's $2.42/g.

"The nation's gas prices continue to fall to fresh lows as coronavirus fears continue to put a choke-hold on oil prices, leading to the fourth straight weekly decline in the national average," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "All but a handful of states saw their averages decline over the last seven days, leading to plenty of smiling faces, but especially in the 21 states where at least one station is offering gasoline under $2 per gallon. It's impressive that in those 21 states, a total of over 10,000 stations are offering such low prices. With continued worries of economic slowdown due to the spread of coronavirus, I don't think the impact to oil is done yet, and for now, motorists are poised to see another week of falling gas prices."