Finance and Economic

Gas prices in Denver rose again over the last week, the latest in several weeks of increases, with the average price of premium gas nearing $3 a gallon, according to the American Automobile Association’s Daily Fuel Gauge Report.

Monday’s average price for regular-grade gasoline in Denver is $2.66-5/10ths, up 2 cents in a week and up about 21 cents from its $2.46 price in mid-February, when prices began a slow rise, AAA says.

Mid-grade gas in Denver averages about $2.85, up 2.2 cents from a week ago. Premium gas is $2.98, up 2.3 cents in a week, and diesel is $2.84, up 2 cents in a week.

Oil prices have been gaining recently and surpassed $85 cents a barrel early Monday.

The highest price ever recorded for regular gas in Denver was $4.00-6/10ths a gallon on July 17, 2008. A year ago Monday, regular cost $1.95 a gallon.

Statewide Monday in Colorado, the average price of regular gas is about $2.71, AAA says, while mid-grade is $2.90, premium $3.03 and diesel $2.89.

Nationwide, regular gas costs an average of $2.83 Monday, up 2.8 cents from a week ago and up 9.2 cents from a month ago.

Colorado is again among the 10 states with the cheapest gas, AAA says. Pump prices are lowest this week in Colorado, Texas, Oklahoma, Missouri, Arkansas, Mississippi, Tennessee, South Carolina, New Jersey and New Hampshire.

The Fuel Gauge Report is compiled for the AAA by the Oil Price Information Service with the help of Wright Express.

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