Gas prices falling statewide - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas prices falling statewide

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DES MOINES (KWWL) -

Pump prices are still painfully high, but average retail gasoline prices in Iowa are dropping.  In the past week, the state average has fallen 6.8 cents per gallon, now averaging $3.70.  This compares with the national average that has fallen 2.8 cents per gallon in the last week to $3.77, according to gasoline price website IowaStateGasPrices.com.

Even with this recent drop, prices still sit 27.4 cents per gallon higher than this time in 2011, but are 16.2 cents per gallon lower than a month ago. The national average has decreased  nine cents per gallon during the last month and stands 29.6 cents per gallon higher than this day one year ago.

"The national average has again seen a decrease in the last week, as California joins much of the rest of the United States in seeing lower prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Even though there hasn't been a massive decline in California retail prices, the fact that prices have stopped rising there has helped tip the national average lower. In the week ahead, we could continue to see declines as wholesale prices fell lower late last week, meaning gas stations have additional room to drop their prices."

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