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

Iowa pump prices continue falling

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DES MOINES (KWWL) -

Average retail gasoline prices in Iowa have fallen 6.3 cents per gallon in the past week, now averaging $3.22 per gallon.  This compares with the national average that has fallen 4.1 cents per gallon in the last week to $3.32 a gallon, according to gasoline price website IowaStateGasPrices.com.

But the cost of gas is 43.8 cents per gallon higher than this same day in 2010, however, pump prices are 17.8 cents per gallon lower than a month ago.  The national average has decreased 14.4 cents per gallon during the last month and stands 46.3 cents per gallon higher than this day one year ago.

"While the downtrend in gasoline prices has certainly been welcome news for motorists, I see the trend short lived, and believe we may see continued volatility in the days ahead, but even with said volatility I do expect many Americans will see average prices between $3.25-$3.50 for the rest of 2011," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

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