Gas Prices Dip Slightly After Month Of Rising


If you've gone to the gas station to fill up this week, you may feel a bit of relief.

Prices have dipped slightly this week after rising for 27 straight days.

Still, gas prices are significantly higher than they were at this time last year; the national average is $3.71, up 21 cents from this time in 2011.

Though Colorado residents may beg to differ, the state isn't feeling the pinch as severely as most other states. Gas prices in Colorado are second only to Wyoming for the lowest state average, and Colorado cities--Fort Collins, Denver and Colorado Springs--top the list of the top 10 U.S. cities with the lowest prices. The average price in Colorado is $3.28 a gallon, and $3.25 in Colorado Springs.

With eight months to go until the general election, politicians are watching the prices carefully. A continued increase in gas prices could have a negative impact on President Obama's re-election chances, whose poll numbers had been rising over the last several weeks on news that the economy has shown signs of recovery.

The highest ever average price in the U.S. was $4.11, recorded in July 2008.

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  • by Jim Location: Colorado Springs on Mar 8, 2012 at 07:18 PM
    I'm totally awed at the way you in the media pat yourselves on the back when the price of fuel drops a penny after a rise of 50cents.It's as if it were because of you that we are now prospering with this savings. THANK YOU EVER SO MUCH !
  • by john on Mar 8, 2012 at 10:13 AM
    What did they drop, 3/10 of a cent? Oh happy days the crisis is over, Thanks be to Obama!
  • by Drew on Mar 8, 2012 at 09:33 AM
    Just the calm before the storm...............
  • by 'ol spanker Location: cs on Mar 8, 2012 at 05:51 AM
    power of suggestion. if these little turds on wall street would speculate tha prices of gas would go down..well guess what
    • reply
      by J on Mar 8, 2012 at 01:13 PM in reply to 'ol spanker
      Power of suggestion -- if all you turds driving huge SUV's would ride a bicycle once in a while -- well, guess what?
      • reply
        by Anonymous on Mar 8, 2012 at 01:32 PM in reply to J
        Ride a bike in this crazy driver city? No thanks, I want to live a little longer.
        • reply
          by J on Mar 8, 2012 at 01:39 PM in reply to
          I'll give you that -- but my point is that supply and demand drives prices. If we reduce our consumption, prices will follow. People need to stop blaming politicians and Saudis for high prices. Try public transit or a more fuel-efficient car.
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