Freezing temperatures cause spike in Colorado gasoline prices As the temperatures plummeted in Texas last week knocking refineries out of commission, gasoline prices jumped in Colorado and other states.

The average price increase in Colorado was 7 cents, AAA said Monday. Nationwide, the price surged an average of 13 cents to $2.63, the highest since October 2019.

The average price in the Denver area was $2.47 per gallon Monday, compared with $2.41 a week ago. A month ago, the average price was $2.28 per gallon and $2.34 a year ago at this time.

“When you get right down to it, last week was the equivalent of a hurricane event ,” Skyler McKinley, regional director of public affairs for AAA, said in a statement.