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Centennial State News

Saturday, November 2, 2024

Average Colorado driver will spend $47.08 more on gas this January

The average Colorado driver will pay $47.08 more at the pump in January 2022 than they did in January 2021, according to an analysis of gas prices from the AAA motor club and Federal Highway Administration (FHA) data by Centennial State News.

Colorado drivers will pay an average of $3.32 per gallon of regular gasoline this month versus $2.26 last year. This is a 47 percent increase equaling $1.06 per gallon.

Of the 10 Colorado metropolitan areas analyzed, drivers in Durango faced the largest price hike at the pump in the last year of $67.47. Greeley was spared the worst pain, with the price of gas rising $41.62 from January 2021 to January 2022.

Gas prices across the US hit a seven-year high following a significant drop at the beginning of the COVID-19 pandemic.

The price of gas, derived from the cost of oil manufactured around the world, has the power to substantially change the free market and influence many industries.

A short-term outlook report from the US Energy Information Administration predicted gas rates will fall throughout 2022.

Colorado drivers average 1,074.9 miles and use 44.4 gallons of gasoline per month, according to the FHA.

Colorado gas price difference - January 2021 vs. January 2022

Market20222021CHG%Total increase
Durango$3.64$2.13$1.5271.5%$67.47
Pueblo$3.53$2.32$1.2152.2%$53.75
Glenwood Springs$3.65$2.53$1.1344.6%$50.01
Boulder-Longmont$3.28$2.18$1.1050.5%$48.90
Colorado Springs$3.34$2.24$1.0948.7%$48.55
Fort Collins-Loveland$3.31$2.26$1.0546.4%$46.55
Denver$3.23$2.20$1.0346.9%$45.84
Grand Junction (CO only)$3.24$2.23$1.0145.2%$44.77
Vail$3.64$2.68$0.9635.8%$42.64
Greeley$3.15$2.22$0.9442.3%$41.62

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