Gas prices around Steamboat drop for three consecutive months | SteamboatToday.com

Gas prices around Steamboat drop for three consecutive months

This screenshot from www.fuelgaugereport.com shows how fuel prices across Colorado have dropped over the last few months and now average $2.10 per gallon of unleaded fuel statewide.

— The price of a gallon of fuel in Steamboat Springs has dropped consistently every week since early August, leading to what could be the lowest November prices in more than 10 years.

The average cost of a gallon of gas at ten Steamboat Springs stations Sunday morning was $2.38, compared with $2.89 in early August, a difference of 51 cents, meaning several dollars in savings for filling up a gas tank.

Nationwide, the average price of gas Wednesday was $2.20, the lowest Nov. 4 average gas price since 2004, according to AAA's monthly gas report.

Drivers that day could find at least one station selling gas for less than $2 per gallon in 41 states, with eight states boasting an average price less than $2.

The statewide average for Colorado on Sunday was $2.10, decreased from $2.79 in early August. Prices for diesel have also dropped across the state from $2.64 in early August to $2.35 on Sunday, and across the nation from $2.64 to $2.48.

"The fuel savings continue to add up with pump prices in many areas below $2 per gallon," said Avery Ash, AAA spokesperson. "It looks increasingly likely that drivers will find the cheapest gas prices for the upcoming holidays in at least seven years."

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The least expensive unleaded gas in Steamboat on Sunday could be found at Western Convenience for $2.26 per gallon, while the cheapest diesel fuel was available at the Pilot on 13th Street for $2.59 per gallon.

States with the lowest average gas prices during the week included South Carolina, $1.90; Alabama, $1.92 and Mississippi, $1.93, while the states with the highest cost at the pump were Hawaii, $2.88; California, $2.83 and Nevada, $2.71.

According to AAA, gas prices remain relatively inexpensive compared to recent years because of the low cost of crude oil. Oil prices last week were at $47.90 per barrel, compared to $77.19 per barrel in early November 2014.

AAA updates average fuel prices daily, surveying as many as 120,000 gas stations across the country using data from credit card swipes and direct feeds.

To reach Teresa Ristow, call 970-871-4206, email tristow@SteamboatToday.com or follow her on Twitter @TeresaRistow