Iowa pump prices fall ahead of holiday - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa pump prices fall ahead of holiday


There's good news if you're traveling during the upcoming July Fourth holiday!  Average retail gasoline prices in Iowa have fallen 7.8 cents per gallon in the past week, now averaging $3.36 a gallon. This compares with the national average that has fallen 6.6 cents per gallon in the last week to $3.37.

Prices are 14.3 cents per gallon lower now than this time last year in Iowa. 

"Oil prices rose significantly last Friday, reversing a downward trend," said Senior Petroleum Analyst Patrick DeHaan. "It was the largest single day jump in recent memory. In some areas of the country, specifically the Great Lakes, gas station margins are fast approaching negative territory, meaning price hikes can be expected there. Other regions may see prices stabilize or jump higher as well. One thing is for sure- the yellow brick road won't be leading us to cheaper pumps for much longer, something many Americans will undoubtedly tie to the upcoming holiday."


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