Gas prices keep climbing - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas prices keep climbing


Average retail gasoline prices in Iowa have risen 6.8 cents per gallon in the past week, now averaging $3.78 a gallon.  This compares with the national average that has increased 4.3 cents per gallon in the last week to $3.80, according to gasoline price website

Including the change in gas prices in Iowa during the past week, prices are now 32.1 cents per gallon higher than this same day one year ago and are 31.7 cents per gallon higher than a month ago.  The national average has increased 28.6 cents per gallon during the last month and stands 27.9 cents per gallon higher than this day last year.

"Average retail gasoline prices will likely rise further this week, after a surge in wholesale prices late last week," said Senior Petroleum Analyst Patrick DeHaan. "Some analysts believe gasoline prices may have peaked, but I am not at all confident in such words.  I still maintain that prices will likely not peak until we get closer to the month of May, as a majority of locales around the United States make eventual switch overs to summer spec gasoline."

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