Average retail gasoline prices in Denver fell 1.6 cents a gallon in the past week, averaging $2.95 a gallon today.
This compares with the national average that increased 1.1 cents per gallon in the last week to $3.34 a gallon, according to gasoline price website .
The Denver average price was $2.97 a week ago and $3.10 one month ago. A year ago, the average price was $2.87.
The national average has increased 10.3 cents per gallon during the last month and stands 27.2 cents per gallon higher than this day one year ago.
“Gasoline prices have slowed their rise in the last week as oil prices have temporarily stabilized,” said senior petroleum analyst Patrick DeHaan. “I’m sure this leveling off in retail price won’t last terribly long as tension mounts with Iran. I still expect 2012 to be a nasty year for the typical motorist, which is what our recently released 2012 gasoline price outlook also states.”
