Gasoline prices expected to fall
Average retail gasoline prices in Iowa fell 9.4 cents last week, averaging $3.93 per gallon May 26, according to GasBuddy’s daily survey of 2,036 gasoline outlets in Iowa.
Including the change in gasoline prices in Iowa during the past week, prices May 26 were 49.3 cents per gallon higher than the same day one year ago and are 54 cents per gallon higher than a month ago.
“Memorial Day weekend is now over and, believe it or not, many areas saw gasoline prices declining ahead of the long weekend,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst…The best news for motorists is that June typically brings some relief at the pump compared to where prices peaked in May, so for many areas across the country prices will continue to decline.”
The national average fell 2.3 cents per gallon last week to $3.65 per gallon. The national average has increased 16.8 cents per gallon during the last month and stands unchanged compared to May 26, 2012.