![]() ![]() Also, the temporary shutdown of the Suncor plant, Colorado’s lone oil refinery, has been a big and unexpected contributor to high gas prices since late December. In addition, snowfall and wildfires tend to drive up insurance claims. “We're just driving more expensive vehicles … when you're buying a Ford F-150, a RAM 1500, you know that's going to cost more than a Toyota Corolla really in every category.” “If you look at the cars that Westerners like to drive, these tend to be bigger vehicles - SUVs, trucks, typically equipped with all weather tires, typically equipped with four - wheel drive,” he said. McKinley said there are some regional factors driving the high costs. The analysis was based on four key metrics: the cost of gas, average repair costs, average annual insurance costs, and average monthly auto loan payments. New Mexico and Wyoming also made the top 10 due to high auto loan payments, while Utah ranked 13th. at $4.24 a gallon, according to the report.Ĭolorado ranked third on the list, in part because drivers pay the second-highest amount for repairs related to the check-engine light. One reason for Nevada's high ranking is that gas prices there are currently the third-highest in the U.S. Nevada and California tied as the most expensive states. “I don't think it's a surprise to anyone who's owned a vehicle, operated a vehicle or tried to buy a car in the past several years that prices have been surging upward,” said Skyler McKinley with the American Automobile Association. Mountain West states are some of the most expensive places to own a car, according to several data sets analyzed by Forbes Advisor. ![]()
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