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

Iowa pump prices increasing

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WATERLOO (KWWL) -

Average retail gasoline prices in Iowa have risen 8.3 cents per gallon in the past week, now averaging $3.43 per gallon.  This compares with the national average that has increased 6.3 cents per gallon in the last week to $3.49 a gallon, according to gasoline price website IowaStateGasPrices.com.

Including the change in gas prices in Iowa during the past week, prices are now 65.7 cents per gallon higher than the same day one year ago, but are still 19.2 cents per gallon lower than a month ago.  The national average has decreased 12.0 cents per gallon during the last month and stands 66.3 cents per gallon higher than this day one year ago.

"We're seeing gasoline prices continue their volatile trend, and this time that trend is upward," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.  "So far, the national average hasn't taken off like the number of Detroit Lions football fans, but I do expect that over the next week, we'll see a continued rise in gasoline prices.  Prices will rise slowest in the Rockies, while moving fastest in the Great Lakes, as we've already witnessed.  It's important to note that wholesale gasoline prices are now at their highest since early September, when the national average was $3.66/gallon."

 

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