News

Actions

Survey: Denver gas prices jump following political turmoil in Venezuela

Survey: Denver gas prices jump following political turmoil in Venezuela
Posted at 3:15 PM, Jul 31, 2017
and last updated 2017-07-31 17:16:50-04

DENVER – Gas prices in Denver are on the rise.

Average retail gasoline prices in Denver have risen 0.6 cents per gallon in the past week, averaging $2.22 a gallon Sunday, according to GasBuddy.

The price at the pump on Sunday was 16 cents per gallon higher than the same day one year ago, according to the tech company.

The national average has increased 8.3 cents per gallon during the last month and stands 18.2 cents per gallon higher than this day one year ago.

Despite the increase, the pain at the pump has diminished over the years. Gas prices in Denver were well over $3 a gallon just two years ago.

The upward climb in gas prices nationally is being blamed on political uncertainty in Venezuela, which is a major supplier to the U.S.