Were low prices at the pump on your holiday wish list? Experts say Colorado gas prices are the fastest falling in the country

Gas prices continue to fall in Denver, dropping 13.5 cents per gallon over the last week and 51.5 cents per gallon over the last month, according to data from GasBuddy.

While gas prices across the country have been decreasing for three months, Colorado has some of the fastest-falling gas prices in the country, according to a Monday report from AAA.

The news couldn’t come at a better time for travelers, as AAA expects more than 115 million travelers to hit the roads during the holiday season, from Dec. 23 to Jan. 1, according to their Monday report.

As of Monday morning, the average price per gallon in Denver sat at $2.60 and national prices averaged $3.11, according to a news release from GasBuddy. Colorado’s average hit $2.78 per gallon Monday.

“For the 12th straight week, or three straight months, the national average has continued to decline, now at its lowest level of 2023 heading into the prime of the holiday season as oil prices continue to struggle amidst cooling demand,” Patrick De Haan, head of petroleum analysis at GasBuddy, stated in Monday’s news release. “With nearly 80,000 gas stations in the U.S. now priced below $3 per gallon, and 23 states also seeing average prices of $2.99 or less, motorists are getting substantial relief at the pump in time for the holidays.”