Gas prices in Colorado Springs fell below the $4 mark last weekend.  

Though state and national averages remain above $4 per gallon, according to AAA, Colorado Springs, residents may find some relief at the pump with Monday’s average price falling to $3.968.  

This is below the state and national averages of $4.097 and $4.065, according to the motoring club. GasBuddy, known for compiling a user-updated list of the cheapest gas stations in a specific region, shows several stations selling gas for $3.54 to $3.73 per gallon, as of 1:30 p.m. Monday. 

The drops came as the United States and Iran moved toward a peace deal that had been months in the making. The warring nations reached an initial agreement early Monday to open the Strait of Hormuz, the Associated Press reported. The Strait of Hormuz is a critical waterway in the Persian Gulf through which as much as one-fifth of the world’s oil supply transits.  

As oil markets react, drivers in Colorado Springs are seeing an average drop of seven cents per gallon compared to last week, AAA said. This is also a 67.5-cent drop from one month ago.

“The decline came as oil prices moved sharply lower in reaction to news of a potential deal between the United States and Iran, though it remains to be seen whether the agreement will hold,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, the national average could continue falling, provided there isn’t a drastic reversal and the U.S. and Iran continue moving in a positive direction.” 

On social media, De Haan tracked 26 states where the average cost of gas fell below $4 per gallon. He anticipated more would join in the days ahead, contingent on the Strait of Hormuz opening.

GasBuddy tracking 26 states where average #gasprices are below $4/gal, with more likely to join in the days ahead, so long as the Strait does reopen. pic.twitter.com/tduDAoGLKX

— Patrick De Haan (@GasBuddyGuy) June 15, 2026

Gas prices are still elevated compared to the same time last year, when the average cost for gas was $2.988, AAA said. Gas prices peaked in June 2022, hitting $4.948 per gallon. The city did not exceed that, though diesel prices have been setting record highs.  

To find the cheapest gas in Colorado Springs, head to GasBuddy.com, which maintains a crowdsourced list of gas prices. Occasionally, the prices will be cash-only or feature locations restricted to club members, or military personnel and those with base access.