After a short , Colorado’s gas prices are once again soaring above the national average.
Over the past month, gas prices in Colorado increased nearly 20 cents, putting the state’s average at $3.93 17 cents above the national norm, according to
As of Tuesday afternoon, national gas prices hovered at $3.76, Colorado at $3.93 and Denver at $3.92, a 16-cent difference. The greatest surge — from city to national levels — hit just over a week ago on July 24.
“Gas prices suddenly soared over the last week due to heat-related refinery outages that impacted some of the largest refineries in the country, at a time when summer gasoline demand peaks and as gasoline inventories slid to their lowest July level since 2015,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a news release Tuesday.
De Haan said gas prices have been rising at their fastest pace in over a year. He expects that increase will slow, but continue, as the peak of hurricane season approaches and students return to school.
“Any new issues could easily push the national average over $4 per gallon for the first time in 2023,” he said in the release. “Drivers may want to brace for potentially higher prices yet.”
According to data from GasBuddy, this is the second time since the record-breaking gas prices of last July that Colorado, and Denver, have jumped past the national average.
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