Gas price trend nearing end of the road - KWWL - Eastern Iowa Breaking News, Weather, Closings

Gas price trend nearing end of the road

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WATERLOO (KWWL) -

Falling gas prices could soon hit the floor.

Analysts believe the recent trend at the pump is nearing an end.

Patrick DeHaan, senior petroleum analyst with GasBuddy.com says the national average could dip to $1.99/gallon this week, but we shouldn't expect it to remain there long. "Refineries have been processing less crude oil and thus producing less gasoline, which will contribute to a soft bottoming out of the national average before a small recovery back in the very low $2's. Last year's lift began the second week of February and saw the upward trend last until the beginning of May, during which, the national average saw a rise of 35 cents a gallon. This year we're expecting a similar rise, though the previous few years the rise has averaged 30-65 cents per gallon," said DeHaan.

The cheapest gas we could find in Iowa is in Mount Pleasant where drivers are filling up for $1.63.

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