Iowa gas prices continue rising
Average retail gasoline prices in Iowa have risen 13.1 cents per gallon in the past week, averaging $3.71 per gallon yesterday (Feb.17), according to GasBuddy’s daily survey of 2,036 gas outlets in Iowa.
Iowa’s gasoline price compares with a national average that has increased 11.9 cents per gallon in the last week to $3.68 per gallon, according to GasBuddy.
Including the change in gas prices in Iowa during the past week, prices Sunday were 24.8 cents per gallon higher than the same day one year ago and are 58.5 cents per gallon higher than a month ago.
The national average has increased 42.2 cents per gallon during the last month and stands 16.7 cents per gallon higher than this day one year ago.
“The steady climb of retail gas prices is likely to continue following double-digit increases in wholesale prices with fuel production tightening in the majority of the county’s refineries,” said GasBuddy.com Senior Petroleum Analyst Gregg Laskowski.
Three U.S. cities — Los Angeles, Chicago and New York — have crossed the $4.00 per gallon threshold. Prices in Los Angeles have skyrocked to $4.28 per gallon, a 55-cent increase in the past month and in Chicago, gas was an average of $4.09 per gallon, a 63-cent increase during the past month.