If you want to buy gasoline for less than $2 a gallon in Colorado Springs, act quickly.Only two local stations — a Conoco at 520 Peterson Road and a Circle K store at 613 Meadowbrook Parkway, both near Peterson Air Force Base — were charging $1.99 a gallon or less Tuesday, along with six others across Colorado and fewer than 350 in other states, reports national gas price tracking site GasBuddy.com.Prices likely will climb at least 20 cents a gallon higher over the next two months as oil refineries shut down for annual maintenance and shift to summer gas blends, said Patrick DeHaan, GasBuddy’s head of petroleum analysis. But those prices still likely will be 10 to 15 cents a gallon lower than they were a year earlier, he said.Gas prices in the Springs have been rising for nearly a month after bottoming out Feb. 9 at a two-year low of $1.88, according to GasBuddy. Prices peaked last year at nearly $3 a gallon Oct. 4 and fell by more than $1 gallon over the next four … [Read more...] about Gas prices under $2 disappearing in Colorado Springs
Cheaper gas prices
Several service stations and convenience stores are selling gas for well below $2 a gallon as fuel prices have tumbled to a two-year low in Colorado Springs, according to the latest figures from national price tracker GasBuddy.com.On Friday, Springs-area gas prices averaged $2.016 for a gallon of unleaded regular, the lowest since late December 2016, GasBuddy figures show.But that's the average. Gas could be purchased for as low as $1.73 a gallon for motorists who paid cash at an Everyday station near Galley and Peterson roads, according to GasBuddy. The price was $1.75 a gallon at a 7-Eleven at Powers and Palmer Park boulevards, while several outlets — mostly on the city's east side — were priced at $1.79.Oil prices that plunged several weeks ago to the lower $40s for a barrel of crude have been the primary reason for the drop in fuel costs."It's been a nice break, (an) especially dramatic turnaround considering prices were hovering closer to $3 in October," said … [Read more...] about Colorado Springs gas prices at two-year low: How long will it last?
Christopher Rugaber, Ap Economics Writer Updated 5:35 am PST, Friday, January 11, 2019 FILE- In this Nov. 9, 2018, file photo toys are displayed at a Walmart Supercenter in Houston. On Friday, Jan. 11, 2019, the Labor Department reports on U.S. consumer prices for December. FILE- In this Nov. 9, 2018, file photo toys are displayed at a Walmart Supercenter in Houston. On Friday, Jan. 11, 2019, the Labor Department reports on U.S. consumer prices for December. Photo: David J. Phillip, AP Photo: David J. Phillip, AP Image 1 of / 4 Caption Close Image 1 of 4 FILE- In this Nov. 9, 2018, file photo toys are displayed at a Walmart Supercenter in Houston. On Friday, Jan. 11, 2019, the Labor Department reports on U.S. consumer prices for December. FILE- In this Nov. 9, 2018, file photo … [Read more...] about Cheaper gas sends US consumer prices down 0.1 pct
Christopher Rugaber Associated Press Published 8:41 AM EST Jan 11, 2019 Washington – Consumer prices slipped 0.1 percent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars, and mobile phone plans. The Labor Department said the consumer price index rose just 1.9 percent in December from a year earlier, the first time it has fallen below 2 percent since August 2017. Excluding the volatile energy and food categories, core prices rose 0.2 percent for the third month in a row. They rose 2.2 percent from a year ago for the second straight month. The figures suggest that the healthy economy is not yet creating widespread inflation pressures. That gives the Federal Reserve more leeway in deciding whether to raise interest rates. Fed Chair Jerome Powell has said the Fed can be “patient” regarding rate hikes this year. … [Read more...] about Cheaper gas sends US consumer prices down 0.1%
John Gallagher Detroit Free Press Published 7:00 AM EST Jan 5, 2019 Gas prices have dropped below $2 a gallon for unleaded regular in Michigan and a lot of people are happy about that. But more than a few people also fret over what cheap gas means for our roads and our climate. Inexpensive fuel means more driving and thus more stress on our already-battered roads. And cheaper fuel translates into more pollution as motorists take to the roads. Maybe the marginal difference isn’t that great over the volume of traffic we see now. But with “fix the damn roads” a political mantra in Michigan and with climate change becoming an ever more urgent problem, we ought to worry about any increase in potholes and pollution. So what to do about it? One obvious idea that suggests itself is to raise the gas tax. That would immediately make gas more expensive at the pump and, according to Econ 101, would reduce the amount of driving we all do. By the way, what we call the … [Read more...] about Why cheaper gas prices could mean trouble for roads, climate