Gasoline prices in Denver fell 5.2 cents a gallon last week, averaging $3.58 cents on Sunday.
Prices in Denver Sunday were 11.8 cents a gallon lower than a month ago, according to the gasoline price website
Nationwide, gasoline prices fell 9.0 cents last week to $3.67 a gallon.
The national average has decreased 14.2 cents a gallon during the last month and stands 20.1 cents a gallon higher than this day one year ago. Denver gasoline prices on Sunday were 11.8 cents a gallon higher than a year ago.
Patrick DeHaan, senior petroleum analyst for said that there has been only one other time in the last few years where the national average dropped “so significantly in the course of just a week.”
He said that occurred in May 2011.
“Looking back at our data, we only see that prices dropped considerably more in Autumn 2008 when the economy slipped into a recession,” said DeHaan. “Given the circumstances with this latest weekly decrease – that it has nothing to do with a recession – is significant,” said DeHaan.
GasBuddy operates DenverGasPrices.com 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, hpankratz@denverpost.com or twitter.com/howardpankratz
