Iowa gas prices falling further - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa gas prices falling further

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DES MOINES (KWWL) -

Average retail gasoline prices in Iowa have fallen 4.2 cents per gallon in the past week, now averaging $3.38 a gallon. This compares with the national average that has fallen 4.5 cents per gallon in the last week to $3.61 a gallon, according to gasoline price website IowaStateGasPrices.com.

Prices are now 35.3 cents per gallon lower than the same day one year ago and are 20.8 cents per gallon lower than a month ago.  The national average has decreased 18.2 cents per gallon during the last month and stands 16.2 cents per gallon lower than this day one year ago.

"An impressive decline in average gasoline prices will now be extended as the West Coast begins to see lower prices in the days ahead," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.  "With significant downward pressure on oil prices last week, motorists will continue to see prices sliding east of the Rockies, and even the West Coast will start to get in on the action, thanks to a supply situation that appears to be turning around. Also pushing down oil prices last week was a frightening jobs report, as well as continued concerns about European debt problems."

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