Average retail gasoline prices in Denver fell 1.5 cents per gallon in the past week, averaging $2.97 per gallon on Sunday, according to .
Including the change in gas prices in Denver during the past week, prices Sunday were 16.2 cents higher per gallon than the same day one year ago and 20.9 cents per gallon lower than a month ago.
Nationally, the average cost of a gallon of gasoline increased 7.9 cents per gallon last week to $3.34 per gallon, according to the website.
The national average has increased 4.7 cents per gallon during the last month and stands 27 cents per gallon higher than this day one year ago.
“Gas prices are rising across much of the nation as Iran has continued to threaten closing the Strait of Hormuz, a vital waterway for global oil shipments,” said Senior Petroleum analyst Patrick DeHaan.
“Think back to the days following the start of the crisis in Libya – and event that also rattled energy markets. We’re seeing similar emotions playout even though there hasn’t been a disruption of supply. I would blame emotion for the recent uptick in gasoline prices, nothing else,” said DeHaan.
operates 250 live gasoline price-tracking website, including Howard Pankratz: 303-954-1939 or hpankratz@denverpost.com.
