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

Iowa gas prices falling

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DES MOINES (KWWL)---Average retail gasoline prices in Iowa have fallen 2.4 cents per gallon in the past week, averaging $2.64 a gallon Sunday.  This compares with the national average that has increased 0.6 cents per gallon in the last week to $2.75 a gallon, according to gasoline price website IowaStateGasPrices.com.

Including the change in gas prices in Iowa during the past week, prices Sunday were 19.4 cents per gallon higher than the same day one year ago and are 3.7 cents per gallon lower than a month ago. The national average has decreased 2.1 cents per gallon during the last month and stands 21.6 cents per gallon higher than this day one year ago.

"Gasoline prices in a majority of the United States have been stuck in narrow range over the past several weeks.  The longer oil and gasoline prices remain in this tight range, the harder it will be for prices to break out of that threshold," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.

DeHaan cites the lack of significant economic improvement and quiet tropics thus far as a reason prices have failed to move significantly.

"Unless we start seeing consistently good economic news or several large tropical storms, gas prices should remain relatively muted," DeHaan said.

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