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

Gas prices falling


Average retail gasoline prices in Iowa have fallen 3.1 cents per gallon in the past week, now averaging $3.40 per gallon.  This compares with the national average that has fallen 0.6 cents per gallon in the last week to $3.46 a gallon, according to gasoline price website

However, including the change in gas prices in Iowa during the past week, prices now stand 65.6 cents per gallon higher than this same day one year ago but are 4.9 cents per gallon lower than a month ago.  The national average has decreased 1.2 cents per gallon during the last month and stands 65.5 cents per gallon higher than this time last year.

"While the national average has remained relatively subdued in the last couple weeks, we may see a slow climb in the national average this week.  The national average for gasoline has barely climbed, even as crude has gained some $20/bbl from the lows we saw nearly six weeks ago.  As we approach heating oil season, we'll also see support for diesel prices, which is sure to frustrate diesel consumers, who are paying as much as eighty cents more per gallon than gasoline consumers," said Patrick DeHaan, Senior Petroleum Analyst.

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