Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Local gas prices edge up, now top national average

By: BILL RADFORD
April 23, 2012
0

Gas prices in Colorado Springs continue to inch up, even as prices nationally head the other way.

The average price of a gallon of regular unleaded Monday in Colorado Springs was $3.870, according to AAA’s Daily Fuel Gauge Report. That’s up a couple of pennies from $3.848 a week ago; a year ago, the average price was $3.562.

The national average Monday was $3.858, down from $3.907 a week ago and essentially the same as the year-ago cost of $3.860.

For most of the year, Colorado Springs had seen prices lower than the national average. That was, in part, because of the region receiving lower-cost Canadian crude oil, said Gregg Laskoski, a senior petroleum analyst with GasBuddy.com, which tracks gas prices in the U.S. and Canada.

“That discount may be getting slimmer,” Laskoski said Monday. Still, it appears prices may have peaked, and he expects the regional price to go back under the national average.

“I think you’re going to see your prices come down during the next week or two,” he said.

While it appears prices won’t be hitting a record this spring — some earlier this year had predicted $5-a-gallon gas — the pain at the pump can still add up. Last year, the typical American household spent more than $4,100 filling up; that’s 8.4 percent of what the median family takes in, the highest share since 1981.

“Even though prices are moving lower, the rate in which they move is going to have a lot to do with how much Americans pay by household for gasoline,” Laskoski said.

The average price Monday statewide was $3.890, according to AAA. Eight states have averages above $4 a gallon.

The Associated Press contributed to this story.

 

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.