Fuel expert talks about timing of price drop at the pump - KWWL - Eastern Iowa Breaking News, Weather, Closings

Fuel expert talks about timing of price drop at the pump

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WATERLOO (KWWL) -

Gas prices keep dropping across Iowa.

GasBuddy.com says the average price is down $0.06 in the past week to $3.01/gallon.

That means prices are about a quarter lower than they were a month ago.

"The national average again saw a hefty decline over the last week, and we now stand a mere dime away from seeing prices nationally average under $3/gallon," said GasBuddy.com senior petroleum analyst Patrick DeHaan. "The national average stands now at its lowest point since January 18, 2011, and by the end of this week, it could stand at its lowest since late 2010. I still do believe that the national average will break the $3/gallon mark by around Election Day- the timing is ironic, considering the drop has nothing to do with Election Day and everything to do with current ongoings, such as a price war between some OPEC members and jitters about the health of the global economy," said DeHaan.

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