Gas prices may have bottomed out |

Gas prices may have bottomed out

Daily News staff report

Average retail gasoline prices in Colorado have fallen in the past week, averaging $3.67/g Sunday. This compares with the national average that has fallen in the last week to $3.56/g, according to gasoline price website

Including the change in gas prices in Colorado during the past week, prices Sunday were 1.9 cents per gallon higher than the same day one year ago and are 11.3 cents per gallon lower than a month ago. The national average has decreased during the last month and stands lower than this day one year ago.

“While price decreases have heated up on the West Coast, such decreases are drying up in other areas – such as the Great Lakes,” said senior petroleum analyst Patrick DeHaan. “While current factors still point to some falling gasoline prices in some areas, mainly the West Coast, oil prices haven’t continued to shed as much value in the past week. Prices in the past few years have bottomed out in June, we could see a similar situation play out this year.”

The Summit Daily’s weekly survey of gas prices, collected June 8, showed a high of $4.47 at the Copper Mountain Conoco and a low of $3.71 at the Silverthorne Sav-o-Mat. Most prices were in the neighborhood of $3.75 in Summit County last week.

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