While prices at the pump are pleasing to many drivers so far this holiday season, the plummeting prices of oil are a bit concerning for Colorado’s oil and gas industry.
Falling gas prices are a double-edge sword for Coloradans: Gas is cheap, but lower prices can negatively affect jobs in the state, where the oil and gas industry hefts a big footprint.
Colorado motorists have paid less at the gas pump recently, as prices have fallen 12 cents a gallon on average over the last three weeks.
olorado’s tensions over oil and gas production have threatened to boil over this year.
A battle over oil and gas regulations is heating up at the Capitol as some lawmakers say more must be done to hold the industry accountable.
The big spike in gas prices in California could have an impact on prices in Colorado, although indirectly.