Gas prices higher in Northeast, but falling everywhere else - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas prices higher in Northeast, but falling everywhere else


Some people in the Northeast are paying more at the pump, in wake of Hurricane Sandy and high demand for gasoline.  

In the meantime, average gas prices in Iowa have fallen nearly a nickel in the past week, now averaging $3.34 per gallon.  This compares with the national average that has fallen 5.6 cents per gallon in the last week to $3.51, according to gasoline price website 

Pump prices in Iowa now sit 5.4 cents per gallon lower than this time last year and are 44.5 cents per gallon lower than a month ago. 

"Even with Hurricane Sandy causing havoc on refineries and infrastructure in the Northeast, gasoline prices nationally have continued to trend lower," said Senior Petroleum Analyst Patrick DeHaan.  "It goes to show how much more significant the Gulf Coast is to this nation's energy backbone when such a massive storm causes no major rise in the national average. The good news is that average prices will likely continue to decline, perhaps to $3.35/gal nationally by Thanksgiving.  For those in Sandy's wake, fuel availability remains difficult, and is the reason GasBuddy has implemented an emergency fuel availability service."

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