Good news for motorists — retail gasoline prices continue dropping
Retail gasoline prices, much to the delight of motorists, keep dropping.
Average retail gasoline prices in Iowa have fallen 4.8 cents per gallon in the past week, averaging $3.40 per gallon Sunday, April 21, 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 Sunday were 27.4 cents per gallon lower than the same day one year ago and are 19.5 cents per gallon lower than a month ago.
“The slow trend downward in the national average has survived another week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “While unprecedented, the decline in the national average certainly has delighted motorists who are accustomed to large spikes in gasoline prices that come with the territory of springtime.
“With Memorial Day just five weeks away, there’s good news for motorists — prices likely will continue to lag behind year-ago levels,” DeHaan said.
The national retail gasoline price average fell 1.6 cents per gallon in the last week to $3.50 per gallon, DeHaan noted. Including the change last week, the national average has decreased 14.5 cents per gallon during the last month and is 34.7 cents per gallon lower than this day one year ago.