Denver gas prices keep rising as demand soars over Fourth of July weekend – The Denver Post

Denver gas prices are still on the rise, up another 5.3 cents per gallon in the past week, averaging $3.43 per gallon.

Not only is gas up in the past week, but it’s nearly a dollar (98.3 cents) per gallon higher than this time last year, according to GasBuddy, which monitors gas prices across Colorado.

“Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years, and in the process, we could have set new all-time records for consumption,” said the head of petroleum analysis for GasBuddy Patrick De Haan in a news release. “As OPEC+ met over the weekend and saw a heated disagreement about raising oil production, WTI crude oil surged in Monday evening electronic trading to nearly $77 per barrel on higher demand and a lack of additional supply from OPEC amidst a mountain of disagreement on how to respond to the market.”

The cheapest station in the metro is priced at $3.19 per gallon on Tuesday, which you can find at the Costco in Aurora. The most expensive is $3.88 per gallon at the Conco station on Speer Boulevard in Denver. Colorado’s lowest price in the state today is $2.74 per gallon, while the highest is $4.54 per gallon.

“For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed nowhere but up until global supply starts to catch up with the continued surge in demand,” De Haan said.

The national average price of gasoline is unchanged in the last week, averaging $3.12 per gallon, up 7.9 cents from a month ago and 94.3 cents from a year ago.

Historical gasoline prices in Denver and the national average going back ten years:

  • July 6, 2020: $2.45/g (U.S. Average: $2.18/g)
  • July 6, 2019: $2.56/g (U.S. Average: $2.75/g)
  • July 6, 2018: $2.75/g (U.S. Average: $2.86/g)
  • July 6, 2017: $2.19/g (U.S. Average: $2.26/g)
  • July 6, 2016: $2.18/g (U.S. Average: $2.25/g)
  • July 6, 2015: $2.64/g (U.S. Average: $2.76/g)
  • July 6, 2014: $3.59/g (U.S. Average: $3.65/g)
  • July 6, 2013: $3.54/g (U.S. Average: $3.47/g)
  • July 6, 2012: $3.56/g (U.S. Average: $3.36/g)
  • July 6, 2011: $3.46/g (U.S. Average: $3.57/g)

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