A tank of gasoline costs a bit more in Iowa this week. Average retail gasoline prices have climbed 1.7 cents per gallon in the past week, now averaging $3.28 per gallon. This compares with the national average that has held steady over the past week, according to gasoline price website IowaStateGasPrices.com.
In Iowa, pump prices currently sit 5.7 cents per gallon higher than this same time last year, but have fallen 12.2 cents in the past month.
"While Thanksgiving 2012 is now behind us, the stigma of record high gasoline prices is not," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Thanksgiving Day 2012 featured the highest ever daily average for the holiday, beating out 2011 by over 10-cents per gallon. The national average may continue to moderate slightly by Christmas, but I'm not expecting significant decreases or increases in the national average in the short term at this point. There are several factors putting both upward pressure and downward pressure on oil and gasoline, and I expect some fluctuation in prices, but overall, there will likely not be much change between today and Christmas."
Tuesday, March 11 2014 7:03 PM EDT2014-03-11 23:03:21 GMT
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