Real Estate News
Colorado Springs Gas Prices Still Falling
Gas prices continued to decline in Colorado Springs this week, according to a report issued Monday GasBuddy.com. The average on Monday in the Springs was $2.08 a gallon, the website showed, and that's just the average. 17 percent of gas stations in the Pikes peak region are already selling regular unleaded for less than $2 a gallon, and nearly all of them will likely drop their prices below the benchmark in the coming weeks. Falling prices are the result of several factors, including the stabilizing price of oil, which currently sits at about $45 per barrel. Gasoline also typically costs less this time of the year because of cheaper winter blends refineries produce in colder months. These factors should keep gas prices falling through about February, when experts expect the national average to be in the $1.80 to $1.90 per gallon range.
With a $2.08 per gallon average, Colorado Springs had the second cheapest gas among the 10 Colorado cities tracked by GasBuddy.com. The statewide average of $2.20 per gallon was even with the national average. The cheapest gas in the state, at least among the 10 cities in the survey, was in Pueblo, at an average of $2.06 per gallon.