Gas prices fall, but still higher than last year
Retail gasoline prices are continuing to show a slight drop, according to GasBuddy.com.
Average retail prices fell 6.4 cents in the state during the past week, averaging $3.72 per gallon June 9, according to GasBuddy’s daily survey of 2,036 gas outlets in Iowa.
However, including the change during the past week, Iowa gas prices still were 35.1 cents per gallon higher than on the same day a year ago and 7.9 cents per gallon higher than a month ago.
“While the national average has taken little change in the last week, prices in the Great Lakes have skyrocketed. In many cities in that region, new all-time record high prices have been set,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst. “In areas that have featured skyrocketing gasoline prices amidst stable oil prices, refineries continue to be beset with shutdowns, maintenance and other problems that have hampered production of gasoline and other products, leading to much higher prices.”
DeHaan predicted that once the problems are resolved, relief will be on the way and likely arrive in a few weeks.
Nationally, gas prices remained steady the past week, averaging $3.54 per gallon. The national average has increased 6.9 cents per gallon during the last month and stood 7.8 cents per gallon higher than on the same day one year ago.