A week out from the Fourth of July holiday and gas prices are nearly a buck cheaper than last year’s Independence Day weekend.
Denver’s gas prices held steady during the past week, averaging $2.62 per gallon on Sunday, according to GasBuddy.com.
Average prices in metro Denver are 95.2 cents lower than they were this time last year, officials for the gasoline price website said. Across Colorado, prices averaged $2.65 per gallon.
Nationally, average prices fell 1.3 cents per gallon to $2.78 per gallon.
Greece’s financial crisis could put downward pressure on fuel prices, said Patrick DeHaan, GasBuddy senior petroleum analyst.
“Much is waiting in the wings in regards to Greece and with the latest round of debt relief talks failing thus far, it may weigh on stocks and commodities in the week ahead,” DeHaan said in a statement. “Regardless of Greece, I believe gas prices nationally will eke out a third straight weekly decline — though a negative outcome in the Greece situation stands to enhance the expected downward momentum. Just eleven states saw increases during the last week, leaving 39 that saw a decline — a nice trend as we head towards July 4.”
AAA Colorado is predicting that travel activity will be flat this Independence Day, with 650,000 Colorado residents traveling at leats 50 miles from home.
For the past four years, Colorado gas prices have averaged around $3.60 per gallon during the July 4 weekend, officials for AAA Colorado said.
Alicia Wallace: 303-954-1939, awallace@denverpost.com or twitter.com/aliciawallace
