Gas prices fall a nickel in Iowa - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas prices fall a nickel in Iowa

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WATERLOO (KWWL) -

 The cost of filling up the gas tank is going down in Iowa.  AAA's daily fuel gauge report shows prices fell a nickel since last week to $3.46 for a gallon of regular unleaded. That's also lower than the price a year ago when drivers were paying $3.63. 

According to AAA, the national average sits at $3.57.

US gas prices reached a 100-day low Thursday, and analysts expect prices to continue falling.

The drop in prices comes at a time when energy costs might otherwise be skyrocketing. New US sanctions on Russia target the largest-producing oil company in the world. A downed commercial airliner has ratcheted up tension even further in Ukraine. Violence and unrest continues in Iraq and elsewhere across the Middle East. But increased US production and a return of Libyan exports have reassured oil markets, and that helps keep gas prices in check.

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