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

Iowa gas prices keep climbing

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DES MOINES (KWWL) -

Average retail gasoline prices in Iowa continue to climb.  In the past week, the pump price has shot up 2.8 cents per gallon, now averaging $3.86 per gallon. 

This compares with the national average that has increased 2.3 cents, also now averaging $3.86 a gallon, according to IowaStateGasPrices.com. 

With recent price hikes included, the cost of gas is now a whopping 23.3 cents a gallon higher than this time last year, and have jumped 18 cents in just the last month alone.  The national average has increased 15.8 cents per gallon during the last month and stands almost a quarter per gallon higher than this day one year ago.

"The national average continues to hover near its highest ever September level.  As we push deeper into September, the more optimistic I am that these high prices will begin to come down slightly, but with the recently announced QE3, I'm a bit concerned that prices won't moderate as much as previously expected as the dollar weakens, leading me to believe 2012 will have featured the highest yearly average ever," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

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