KKTV 11 News | Colorado Springs, Pueblo | News

Price Pumped

By: Associated Press
By: Associated Press

High crude oil prices and increased seasonal demand are leading to higher gas prices.

Over the past 2 weeks, the average price for a gallon of gasoline climbed 6 cents.

As of Friday, the combined average price for all grades was just under $1.94 a gallon. That compares to $1.87 a gallon on January 21st.

The Lundberg Survey of 7000 gas stations found self-serve regular was priced at one $1.91 a gallon while premium averaged $2.10.

Lundberg says consumer demand for gasoline is recovering following bad weather in January. If OPEC cuts production, more increases are likely.

Oil prices are now about 40 percent higher than they were one year ago.


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