Colorado gas prices hit record high of $4.11 a gallon and keep climbing

The state’s common value for a gallon of unleaded gasoline surpassed its all-time excessive of $4.09 a gallon this week, based on AAA Colorado. 

Common costs hit $4.10 on Tuesday. Then, on Wednesday morning, the value jumped one other cent greater to $4.11.

Rising client demand is the important thing driver, mentioned Skyler McKinley, spokesperson for AAA Colorado. Different elements embody the restricted provide of oil out there on the worldwide market, which is more likely to drive even higher demand as extra folks journey this summer time. 

“Don’t anticipate costs to fall anytime quickly,” McKinley mentioned. “We’ll proceed to see these rise properly into the summer time.” 

The bounce is a exceptional shift from a 12 months in the past, when one gallon of unleaded gasoline value $3.02 on common. That represents a 36 % improve year-over-year, and it’s much like rising prices seen throughout the nation for every thing from meals to used automobiles. 

Costs for all items rose a median of 8.3 % year-over-year in April, based on the newest Shopper Worth Index report from the Bureau of Labor Statistics. The quantity represents the best inflation charge seen in additional than 40 years. 

Gasoline costs are highest in Colorado’s mountain communities and the southwest portion of the state. Pitkin County holds the title of the best value at $5.19 a gallon. 

Costs alongside the Entrance Vary are typically under the state’s common. Denver County’s common value hit $4.08 on Wednesday morning.