Colorado Gas Prices at 11 Year Low for July 4th Weekend
ThisJuly 4th holiday weekend may be the busiest ever for road travel thanks in part to low gas prices.More than 36 million people will drive to their July 4 destinations, according to AAA.
AAA reports that pump prices are at their lowest levels for this time of year since 2005. Pump prices are down in the Rocky Mountain states and averages remain below the $2.50 per gallon benchmark. Go to Gas Buddy.com to find the lowest prices in our area.
- The West Coast is posting some of the nation’s highest prices at the pump, led by; California ($2.90), Hawaii ($2.79), Alaska ($2.66), Washington ($2.65) and Nevada ($2.55)
- The nation’s least expensive markets are; South Carolina ($2.00), Mississippi ($2.06), Arkansas ($2.07), Alabama ($2.09) and Oklahoma ($2.09).
This year’s summer driving season is likely to set new records for both gas demand and vehicle miles traveled. The latest data from the U.S. EIA shows that gas demand is currently at an all-time high.
Lower gas prices have saved U.S. drivers about $20 billion on gas so far this year, compared to the same period in 2015. This decrease in gas prices and increase in savings has made travel more affordable in recent years.