Gas prices fall more than 5 cents per gallon - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas prices fall more than 5 cents per gallon

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It's cheaper to fill up your fuel tank.

Average retail gasoline prices in Iowa have fallen more than a nickel per gallon in the past week, averaging $3.25 per gallon Sunday, according to GasBuddy's daily survey of more than 2000 gas station in Iowa.

This compares with the national average that has fallen 3.4 cents per gallon in the last week to $3.34 per gallon.

Including the change in gas prices in Iowa during the past week, prices Sunday were 28.4 cents per gallon lower than the same day one year ago and are 13.8 cents per gallon lower than a month ago.

"As expected, fuel prices nationwide continue to decline following the expiration last week of the EPA's 'summer blend' gasoline requirement," said Senior Petroleum Analyst Gregg Laskoski. "That's good news for consumers. We know that when gas prices rise in springtime it removes billions from the U.S. economy... Logic dictates that the reverse is true too, and that as prices fall, it puts a little money back in consumers' pockets."
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