Average retail gasoline prices in Colorado Springs have fallen 2.6 cents per gallon in the past week, averaging $2.50 a gallon across the city.
This compares with the national average that has fallen 2.1 cents per gallon in the last week to $2.67, according to gasoline price Web site ColoradoSpringsGasPrices.com.
Including the change in gas prices in Colorado Springs during the past week, prices are now 79.6 cents per gallon higher than the same day one year ago and are 10.6 cents per gallon higher than a month ago. The national average has increased 2.7 cents per gallon during the last month and is 81.5 cents per gallon higher than this day a year ago.
“Prices will slowly fall across much of the country as a stronger dollar and better than expected gains in gasoline inventories push oil prices lower,” says Patrick DeHaan, senior petroleum analyst.
DeHaan said motorists can expect to see lower prices at the pump through mid-February before rising in March and April as refiners complete work on their plants. He also notes the significant jump in prices compared to last year, saying “higher gasoline prices are making it hard for the economy to recover as many Americans are still jobless, looking for employment.”