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

Iowa pump prices falling

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DES MOINES (KWWL) -

Average retail gasoline prices in Iowa have fallen 9.5 cents per gallon in the past week, now averaging $3.42 per gallon.  This compares with the national average that has fallen 5.9 cents per gallon in the last week to $3.4 a gallon, according to gasoline price website IowaStateGasPrices.com.

Including the change in gas prices in Iowa during the past week, prices are still 73.4 cents per gallon higher than this same day one year ago, but are 24.7 cents per gallon lower than a month ago.  The national average has decreased 20.3 cents per gallon during the last month and stands 73.3 cents per gallon higher than this day one year ago.

"Motorists are certainly delighted that average gasoline prices are at their lowest since early March, but compared to prices a year ago, motorists are still feeling a pinch at the pump," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.  "The good news is that over the upcoming weeks, there will continue to be factors that could put more downward pressure on oil and gasoline prices. I continue to expect that average gasoline prices will bounce between $3.25-$3.50 for much of the rest of 2011."

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