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Why is gas so expensive in Colorado?
I moved to Colorado recently and I really want to use my car to explore, but gas prices are so high right now that it doesn’t feel worth it. Why is gas so expensive here?
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately, the problem doesn’t originate in
Colorado
, but rather overseas. Gas is expensive everywhere in the United States right now due to a national gas shortage, caused partially by the war between Russia and Ukraine.Russia’s invasion of Ukraine upset the oil market, causing supply issues for many major gasoline suppliers in the United States. This problem was furthered by the ban on imported oil and gas from Russia, which was implemented by President Biden. These two factors caused the supply of gas to go down just as demand began to climb for the summer months.
Instead of worrying about gas prices, try cutting costs in other areas instead. Check out the
Jerry
app, where you can see a list of car insurance
policy quotes that work for you in minutes. The average user saves over $800 per year!View full answer
- Gregory R.
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