Iowa gasoline prices now 3.7 cents per gallon lower than one month ago
Iowa and national gas prices continue to fall, according to GasBuddy com.
Average retail gasoline prices in Iowa have fallen 8.3 cents per gallon in the last week, averaging $3.48 per gallon Aug. 11, according to GasBuddy’s daily survey of 2,036 gas outlets in Iowa.
Including the change in gas prices in Iowa during the past week, prices yesterday were 17.1 cents per gallon lower than the same day one year ago and are 3.7 cents per gallon lower than a month ago.
Gasoline prices in some parts of the country have fallen below $3.00 per gallon, according to Patrick DeHaan, senior petroleum analyst with GasBuddy.com.
“While gas prices in Anderson, S.C., have hit $2.99 per gallon in the last week, nationally, pump prices have also seen drops amounting to an average drop of a nickel per gallon,” DeHaan said. “Prices finally have dropped under their year-ago values, just in time for those last-minute vacations before school starts.
“The rest of the summer will likely see prices flirting with where they are today, but more significant relief will arrive around mid-September when prices nationally could be 10-25 cents per gallon lower than where they are today,” DeHaan added.
Nationally, prices fell last week by a nickel per gallon to $3.58, according to GasBuddy. The national average has decreased 1.2 cents per gallon during the last month and stands 9.1 cents per gallon lower than this day one year ago.