Retail gasoline prices in Colorado are up more than 9 cents a gallon over the last week, hitting a statewide average of $1.88 on Sunday.
Even though gasoline prices remain lower than one year ago, they’re about 30 cents a gallon higher than they were just last month.
And demand is up. According to GasBuddy.com, federal data shows that demand for gasoline is now outpacing the 2008 pre-recession levels.
“The price of crude oil has jumped 45 percent in the last month and the national average pump price will soon hit $2 a gallon," said Patrick DeHaan, senior petroleum analyst with GasBuddy.