Iowa gas prices unchanged in past week, but may spike soon - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa gas prices unchanged in past week, but may spike soon

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DES MOINES (KWWL) -

Average retail gasoline prices in Iowa have not moved in the past week, currently averaging $3.67/gallon. This compares with the national average that has increased three cents per gallon in the last week to $3.73, according to gasoline price website IowaStateGasPrices.com.

Even without a change in pump prices this week, gas prices are still about $0.08/gallon higher than this same time last year, and sit more than $0.20/gallon higher than a month ago.

"Well, for those that have noticed, the national average has perked up slightly in the last week as oil prices have advanced," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

The national average has ticked up $0.23/gallon during the last month and stands $0.12/gallon higher than this day one year ago. 

"While that may be notable, soon-to-be Hurricane Isaac will be the story this week. It's entirely within the realm of possibility that we see refinery outages, oil production losses, and gasoline supply issues,  essentially all the things you don't want to happen. While this storm doesn't currently appear as powerful as other storms that have caused similar concern, we're continuing to watch the situation develop. One thing is for sure, I'm concerned that this storm will temporarily drive prices higher in the short term," DeHaan added. 

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