Amid rising crude oil costs, gas prices in Denver continued to climb this past week, jumping 6.2 cents on average to $2.36 per gallon, reported Monday.
While the Denver metro area’s fuel prices are at their highest levels since Dec. 23, 2014, the average per-gallon costs recorded Sunday were $1.12 lower than those posted one year ago.
Nationally, gas prices increased 8.2 cents to an average $2.54 per gallon, setting a four-month high, according to GasBuddy.com. The U.S. average prices recorded late-Sunday are $1.16-per-gallon lower than last year.
“Late last week, West Texas Intermediate crude oil stood near $58 a barrel, the highest since Dec. 15, 2014,” Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement. “That price stands some $10 a barrel higher than a month ago, and has been a key contributor to the rise in gasoline prices that many states are witnessing.
“Refinery issues along the West Coast have added insult to injury for Californians, where prices are up by 25 cents per gallon just in the last week in some areas.”
All but three U.S. states have higher gas prices than a month ago.
Colorado’s fuel prices are averaging $2.39 per gallon, up 5.6 cents from last week and 17.2 cents from last month, according to GasBuddy.
Alicia Wallace: 303-954-1939, awallace@denverpost.com
