Mt Pleasant News
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Neighbors Growing Together | Nov 23, 2014

Gas drops below $3 per gallon in a dozen states, GasBuddy reports

Oct 01, 2013

Twelve states currently have gasoline stations selling gasoline for under $3 per gallon, according to Patrick DeHaan, senior petroleum analyst at GasBuddy.com.

While Iowa is inching closer to that figure, no Iowa stations currently are below that barrier. The average gasoline price in Iowa, however, did fall to $3.34 per gallon as of Sept. 29, GasBuddy reports. That is a drop of 10.1 cents last week.

Gasoline prices in Iowa Sunday were 47.2 cents per gallon lower than on Sept. 29, 2012, and 30.3 cents per gallon lower than one month ago.

“Gasoline prices continue to erode with 12 states that are seeing prices under $3 per gallon, and more states will join in on that over the next seven days,”DeHaan said. “While it’s generally good news that gasoline prices continue falling, many Americans don’t believe we’re likely to see national averages drop under $3 a gallon over the next year at the pump.”

According to a GasBuddy survey of over 10,000 motorists, over 67 percent said the national average will remain between $3 and $4 per gallon through 2014. Perhaps in a sign of positive sentiment, just 13 percent of respondents said they thought that prices nationally would exceed $4 per gallon through 2014. Twenty percent of the respondents believed gas prices could go under $3 per gallon.

The national average Sunday had fallen 5.8 cents in the past week to $3.43 per gallon, according to GasBuddy. The national average has decreased 18.8 cents per gallon during the last month and is 36.6 cents per gallon lower than one year ago.

 

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