Gas prices hike in Colorado higher than national average

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GRAND JUNCTION, Colo. (KKCO/KJCT) Rising gas prices are hurting the wallets for many who are thinking about traveling this week, since many students on the Western Slope are on spring break.

In the past six weeks, Gas Buddy reports that average prices at the pump have gone up 35 cents.

In Colorado it’s even more than that.

The state has had an increase of 43 cents over the last couple of months.

Right now the average cost nationwide is $2.58 per gallon.

Gas Buddy says that drivers can expect significant increases continue into next month and even through Memorial Day.

Experts say that there are many reasons why drivers are seeing a price hike.

One of them is the conflict in Venezuela, which is playing a role in rising oil prices.

The recent electricity outage in the South American country has made it difficult to export crude oil.

According to World Atlas, Venezuela has the largest oil reserves in the world.