Travelers went all over the place Memorial Day weekend, but gasoline prices in Colorado largely stayed put in the days that followed, according to an update Monday from GasBuddy.com
The cost of a gallon of regular-grade gasoline averaged $2.22 a gallon in metro Denver on Monday, according to a survey of 844 stations. That was up 0.6 cents. Nationally, the cost of a gallon of regular gasoline rose 3.9 cents to $2.36 a gallon nationally.
Gasoline prices in metro Denver are about 36 cents lower than a year earlier and 11.3 cents higher than a month ago. In Colorado, the average price per gallon was $2.25 a gallon Monday, unchanged from the week before.
The cost for a gallon of gasoline at the pump typically peaks between Memorial Day weekend and around July 4, said Gregg Laskoski, a senior petroleum analyst for GasBuddy.
“We would still expect to see gasoline prices climb incrementally because we are looking at higher consumer demand,” Laskoski said.
Florida had the biggest jump in average gasoline price during the week, at 10 cents a gallon. An unplanned outage at Detroit’s Marathon refinery contributed to a spike of 5 to 10 cents per gallon the past few days in Kentucky, Indiana, Illinois, Ohio and Michigan.
Gasoline prices have , but the expectation is that oil will drop back into the mid-$40 a barrel range from above $50 a barrel, Laskoski said.
Wildfires near tar-sand fields in Canada haven’t created supply shortages at U.S. refineries, and consumers should see lower gasoline prices later this summer, he said.
