Since 2009 Americans have felt the pain at the pump. The angst for Coloradans has been slightly less.
For the past 52 weeks, the average cost to purchase 15 gallons of gas per week was $2,760. Believe it or not, this was about $1 more than the previous 52 weeks, not adjusted for inflation.
As well, the cost for Coloradans was about $111 less than the U.S. total for the past 52 weeks.
Sticker shock wasn’t as bad as it was two years ago. This is good news for consumers, but not so good news for the companies who rely on higher oil prices and governments who rely on severance and other taxes for revenue.
©Copyright 2011 by CBER.