Northern Colorado gas prices continue slide; price hike forecasted
Gas prices in Greeley sank to $3, 39 cents cheaper than last month. Gas prices statewide also averaged $3, down from $3.41 last month.
In the Boulder and Longmont areas, gas prices fell slightly to $2.96. Gas prices declined to $2.91 in Colorado Springs and to $2.99 in Denver.
While gas prices have decreased statewide in recent weeks, gas prices began climbed 1 cent to $3.27 nationwide. The average gallon of gas cost $3.42 last month.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com, pointed out that the national average has risen between Christmas Day and Jan. 15 the last six out of seven years.
"There's no reason to believe now that this won't happen again," he said in a blog post.
Factors that could influence a price increase include booming oil and gasoline inventories and a lackluster holiday retail season, he said.
"Motorists across the country will see rising prices in the days ahead," he said.
More breaking news...
Tobacco retailer plans pot-accessory stores
The proposed legislation follows approval by the Internal Revenue Service
Open records act bill ready for governor's signature
House bill 1193, introduced by Rep. Joe Salazar, D-Thornton, and Sen. John Kefalas,
State Farm campus ownership changes, again
House OKs higher fines for oil companies