Falling Gas Prices Will Likely Continue Into Summer Travel Season

CBS Denver

DENVER (CBS4) – After rising for more than a month, gas prices have now dropped nine days in a row.

AAA predicts that downward trend will continue well into the busy summer travel season, and decrease to $2.00 per gallon this spring and summer.

“There’s a good chance that the average household will save more than $700 on gas this year,” said Michael Green of AAA.

The price of oil has hit a six year low as supply outweighs demand. In addition, a nuclear deal with Iran could increase supply, meaning even lower prices at the pump.

In Colorado, gas costs an average of $2.25 a gallon. One year ago, Coloradans were paying $1.37 more than that, with gas at $3.62 a gallon.

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