Gas pump prices in Iowa have fallen to 36 cents per gallon lower than one year ago
Pump prices are dropping (although never as quickly as they rise).
The average retail gasoline prices in Iowa, according to GasBuddy’s daily survey of over 2,000 gas outlets in Iowa, have fallen 10.8 cents from Sept. 15-22.
Iowa’s gasoline prices averaged $3.46 on Sunday, Sept. 22, but have continued their downward descent this week. Pump prices at most Mt. Pleasant gasoline outlets are under $3.20 a gallon.
Including the change in gasoline prices in Iowa during the past week, prices Sunday were 36.4 cents per gallon lower than the same day one year ago and 5.8 cents per gallon lower than a month ago.
“Looking forward, we’re likely to see additional relief at pumps in the months ahead, it’s quite possible that by the time we’re observing Thanksgiving that gasoline will be 20 or more cents per gallon lower,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst.
“California motorists will see among the larger decreases this week as refinery issues have become barely visible in the rear-view mirror, which has led to a dramatic shift in wholesale gasoline prices,” DeHaan said.
Nationally, prices fell 4.5 cents last week to $3.49 per gallon, 32.1 cents per gallon lower than a year ago and 7.3 centers a gallon lower than a month ago.