Analysts see low gas prices continuing through the summer | SteamboatToday.com
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Analysts see low gas prices continuing through the summer

— AAA Colorado is predicting that drivers will see gas prices $1 to $1.20 cheaper per gallon this summer than they were last year.

“Part of it is the crude oil pricing continues to be below what it has been,” AAA Colorado spokeswoman Wave Dreher said. “We also have quite a bit of crude oil supplies in the pipeline ready to be used. The refineries are all up and running.”

Dreher’s forecast for Colorado was based on a recent gas price forecasting call she listened to last week.



Dreher said many drivers are saving about $100 a month thanks to the lower gas prices.

In Steamboat Springs, a driver who pumped 15 gallons of unleaded gas at the Western Convienience station at Hilltop Parkway and U.S. Highway 40 last week paid $21 less than they did last year.



At $2.26 a gallon, Western Convenience offered the lowest unleaded fuel price in the city this weekend.

A year ago, the cost of a gallon there was $3.66 a gallon.

Routt County residents who are hitting the road for spring break will likely encounter different gas price fortunes depending on their direction of travel.

Dreher said drivers heading west to places like Utah will encounter a higher average price than Colorado, while drivers heading east or south will encounter similar or lower gas prices,

While the lower gas prices have been a boon for consumers nationwide, they have reportedly presented challenges for this state’s oil and gas industry.

“What we’re already seeing here in Colorado is that as gas prices go down, there’s not as much demand for drilling and things like that,” Dreher said. “We’re starting to see some in the oil and gas industry shut down some of their activity.”

The average price of a gallon of unleaded gas in Colorado was $2.25 Wednesday.

That price was 14 cents cheaper than the national average.

Dreher said the Vail area has some of the highest gas prices in the state, while Colorado Springs, Denver and Fort Collins have some of the lowest.

To reach Scott Franz, call 970-871-4210, email scottfranz@SteamboatToday.com or follow him on Twitter @ScottFranz10


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