Rep. Ed Perlmutter, D-Colo., is dropping his bid for the governor's office in the Centennial State.

Perlmutter represents Colorado's 7th Congressional District and was first elected in the Democratic wave year of 2006.

The Denver Post cites sources "close to the campaign" who said the Democrat will end his gubernatorial bid just three months after it began.

Perlmutter was one of the earliest entrants into the crowded 2018 contest for the opening created by term limits on Gov. John Hickenlooper, who is rumored to be a Democratic candidate for president in 2020.

The biggest change to the field in that time was the announcement by fellow Democratic Representative Jared Polis of Boulder, whose personal fortune can help self-fund his campaign.

What isn't clear yet is whether the move means Perlmutter will run again to continue to represent the district that includes the western suburbs of Denver. Because Perlmutter seemed likely to go far in the race, numerous Democrats have announced their intention to run for Perlmutter's seat, which likely wouldn't have happened otherwise.