Nov 15, 2023 - News

Gas prices in Denver's metro area are dipping

Data: GasBuddy; Chart: Axios Visuals
Data: GasBuddy; Chart: Axios Visuals

Metro Denver's gasoline prices keep getting lower.

Driving the news: The average price for gas is $3.23 per gallon, down 34 cents from October's average, according to GasBuddy.

  • That's 16 cents cheaper than the national average.

Zoom in: The drop in gas prices is related to lower seasonal demand and less expensive winter-grade gas, per Yahoo Finance.

The big picture: Prices are dropping nationwide just as more people plan to hit the road for the holiday season.

  • At least 41% of people say they plan on making a road trip this year, up 8% from 2022, according to a Thanksgiving travel survey by GasBuddy.

The intrigue: The national average gas price is projected to drop to $3.25 per gallon, which would save people $573 million during holiday travel compared to last year.

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