Gas prices across Colorado have dropped in the past month, offering some relief to drivers. However, compared to a year ago, they are still slightly higher. The fluctuation comes as broader economic concerns and geopolitical uncertainties continue to shape the energy market.
Price Trends Show Mixed Signals
Colorado drivers are paying an average of 6.8 cents less per gallon than they did last month. That’s the good news. The not-so-great part? Prices are still 2.7 cents higher than at this time last year, according to a GasBuddy survey covering over 2,100 stations in the state.
Across the country, diesel prices also saw a minor drop. The national average for diesel now stands at $3.629 per gallon, down 1.9 cents in the past week. While these decreases might not seem significant, they highlight the volatility of fuel costs as multiple factors come into play.
The Cheapest and Most Expensive Pumps in the State
Not all gas stations in Colorado are created equal—at least when it comes to pricing. The lowest reported price in the state sits at $2.34 per gallon, while the highest climbs all the way to $4.68. That’s a massive $2.34 gap between the cheapest and most expensive fuel.
To put things in perspective, here’s a breakdown of gas prices in Colorado from previous years:
| Year | Average Gas Price (March) |
|---|---|
| 2025 | Current average varies |
| 2024 | $2.87 per gallon |
| 2023 | $3.98 per gallon |
While prices are lower than in 2023, they remain elevated compared to 2024, showing just how unpredictable fuel costs can be year over year.
Geopolitical and Economic Factors at Play
According to Patrick De Haan, head of petroleum analysis at GasBuddy, there’s more than just supply and demand influencing pump prices. He points to geopolitical tensions and economic policy shifts as major contributing factors.
“Gasoline prices in the U.S. have edged slightly lower over the past week, even as geopolitical tensions intensify, with the Trump administration promising tariffs that could not only create economic uncertainty but also impact what some motorists pay at the pump in the weeks ahead,” De Haan noted.
Rising tensions in oil-producing regions, changes in trade policies, and economic uncertainty all play a role in shaping energy costs. If new tariffs come into play, fuel prices could see further fluctuations in the coming weeks.
What’s Next for Colorado Drivers?
Gas prices often fluctuate based on seasonal demand, crude oil prices, and refining capacity. As spring approaches, factors like summer travel demand and potential supply disruptions will determine if prices climb again or hold steady.
For now, Colorado drivers can take some comfort in the recent price drop, even if it’s not as low as last year. Keeping an eye on national and global economic shifts will be key in understanding where prices head next.
