Denver residents are paying substantially less for gasoline than they did a month ago.
The average price for a gallon of gasoline in Denver on Sunday was $3.67 a gallon, 14.1 cents per gallon lower than a month ago, according to the gasoline website
Average retail gasoline prices in Denver have fallen 2.3 cents a gallon in the past week, compared with the national average which fell 4.5 cents per gallon last week.
The national average cost for a gallon of gasoline on Sunday was $3.61 a gallon. The national average has decreased 18.2 cents a gallon in the last month.
“An impressive decline in average gasoline prices will now be extended as the West Coast begins to see lower prices in the days ahead,” said senior petroleum analyst Patrick DeHaan .
“With significant downward pressure on oil prices last week, motorists will continue to see prices sliding east of the Rockies, and even the West Coast will start to get into the action, thanks to a supply situation that appears to be turning around,” he said.
DeHaan said also pushing down oil prices last week “was a frightening jobs report, as well as continued concerns about European debt problems.”
GasBuddy operates and more than 250 similar websites that track gasoline prices at more than 140,000 gasoline stations in the United States and Canada.
Howard Pankratz: 303-954-1939 or hpankratz@denverpost.com or twitter@HowardPankratz
