Gasoline prices in Denver the past week continued to fall but were 15 cents a gallon more than the national average.
The average retail price for a gallon of gasoline in Denver was $3.59 on Sunday compared to the national average of $3.44.
While the price of gasoline fell 1.4 cents a gallon in Denver last week, nationally it increased by 1.3 cents a gallon, according to .
The price of gasoline in Denver on Sunday was 7.1 cents a gallon higher than a year ago and 1.4 cents a gallon higher than a month ago. The national average is 13.7 cents a gallon lower than a year ago.
For most of the year, Denver gas prices were far lower than the national average.
This was the second straight week that prices per gallon fell in Denver. Prices fell in Denver 1.5 cents a gallon two weeks ago.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com, said the upward spike in the national average won’t last long.
He said motorists will see lower prices by late September in most of the country.
“A mere 1.5 percent of all U.S. gas stations are priced over $4 a gallon, while roughly a third of stations are seeing prices over $3.50 a gallon, a huge drop versus last year when nearly 62 percent of stations were charging over $3.50 a gallon,” DeHaan said in a statement.
“On the bottom side, the cheapest five percent of stations are charging an average of $3.08 a gallon, and that price will likely continue moving lower in the weeks ahead,” DeHaan said.
DeHaan has noted a week ago that with winter approaching demand will lessen and prices should go down, unless geopolitical tensions disrupt that trend.
GasBuddy.com 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, hpankratz@denverpost.com or twitter.com/howardpankratz
