gas prices

  • Appeals court rules ACA requirement is unconstitutional; 600K Coloradans impacted
  • AAA predicts gas prices in Colorado will go down after Christmas
  • BLM says 40 jobs, not 27 as originally thought, will go to Grand Junction HQ
  • Endangered species found living in what will be the next Colorado state park

KVNF Regional Newscast: Thursday, June 9, 2016

Jun 9, 2016

  • River guide saves drowning woman on San Miguel rafting trip
  • Delta County GOP to investigate chairwoman’s actions
  • Colorado Democrats denouncing Trump after racist comments aimed at US judge
  • Solarize Delta County hits halfway point
  • Feds forecast low summer gas prices  

KVNF Regional Newscast: Tuesday, Nov. 24, 2015

Nov 24, 2015

  •  Time bank hits milestone
  • Officials fight to lower CMU suicide rate
  • Republican lawmakers petition to keep refugees out, but some don’t sign on
  • Gas pries continue to drop ahead of holiday travel
  • Voter turnout dips for 2015

A sharp drop in gasoline prices led the consumer price index to fall in January.

It's lunchtime in Douglas, Wyo., a town smack in the middle of the state's booming oil patch, and the line of cars at the McDonald's drive-through wraps around the building. A hiring poster hangs in the window, and the parking lot is full.

Troy Hilbish, a tool hand for the oil field servicing company Schlumberger, says while he didn't know oil prices have been falling, he does know what falling prices mean.

"If the oil prices go up, we drill more," Hilbish says. "If they go down, we don't drill as much."

All around the country, gasoline prices have been falling for weeks, down to an average of about $3 a gallon. Those lower prices are helping restrain inflation across the board.

On Wednesday, the Labor Department said its consumer price index barely inched up 0.1 percent last month. Over the past 12 months, the CPI has risen by 1.7 percent, roughly half of its historical average rate of increase.

That sounds great for consumers.