Colorado Springs News, Sports & Business

Gazette Premium Content Local gas prices edge up, now top national average

BILL RADFORD Updated: April 23, 2012 at 12:00 am

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.

 

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