Iowa gas prices falling - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa gas prices falling

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DES MOINES (KWWL) -- According to IowaStateGasPrices.com, gasoline prices across the state are falling.

They say in the past week, the average retail price for gas in Iowa has fallen 4.8 cents a gallon, averaging $2.51 a gallon on Monday.

Nationally, the average price has fallen 2.9 cents a gallon to $2.62 a gallon. 

While the falling prices are good news, they say we are paying 54.7 cents a gallon more than one year ago, but are 20.1 cents lower a gallon than one month ago.

Nationally, gas prices are 67.6 cents a gallon higher than one year ago, but 11.9 cents a gallon lower than one month ago.

GasBuddy.com Senior Petroleum Analyst, Patrick DeHaan, does expect to see gasoline prices slowly start to rise across much of the country.

DeHaan says that colder than average temperatures across key areas that heat homes with heating oil, will result in higher prices at the pump.

He does think the Midwest will buck that trend as stockpiles in the Great Lakes area continue to swell.

Last week, stockpiles in the Great Lakes area were at their highest levels since March 2008.

Online Content Manager: Eric Page

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