Average gas prices in Denver have risen nearly 19 cents in the last month, according to the American Automobile Association's Daily Fuel Gauge Report.

The average price of a gallon of regular gas in Denver as of Monday is $2.15 and 8/10ths, AAA said. On the same date in April, the average price was $1.96 and 9/10ths.

Monday's price for mid-grade gas in Denver is $2.30 and 9/10ths a gallon, up from $2.10 and 6/10ths a month ago. For premium, it’s $2.41 and 2/10ths, up from $2.20.

A year ago, regular gas in Denver averaged $3.57 and 7/10ths a gallon. The all-time peak price was $4.00 and 6/10ths on July 17, 2008, AAA said.

In Boulder-Longmont, the average price for regular gas was $2.15 and 7/10th Monday, up from $1.98 and 3/10ths a month ago.

For now, increased demand is pushing up the price investors are willing to pay for a barrel of crude oil, according to the AAA. On the New York Mercantile Exchange, crude oil closed up $1.22, at $54.42 per barrel, on Monday. Crude oil has been trading around $50 a barrel this spring, up from around $30 over the winter, the AAA said.

The Fuel Gauge Report is compiled for the AAA by the Oil Price Information Service with the help of Wright Express.



SOURCE : http://www.bizjournals.com/denver/stories/2009/05/11/daily13.html