Mt Pleasant News
http://mt-pleasant-ia.villagesoup.com/p/1143005

Neighbors Growing Together | Dec 19, 2014

Iowa gas prices continue upward climb

Mar 18, 2014

Average retail gasoline prices in Iowa have risen 2 cents per gallon in the past week, averaging $3.56/gallon March 16, according to GasBuddy’s daily survey of 2,036 gas outlets in Iowa.

This compares with the national average that has increased 2.6 cents per gallon in the last week to $3.50/gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Iowa during the past week, prices Sunday were 5.9 cents per gallon lower than the same day one year ago and are 24.7 cents per gallon higher than a month ago. The national average has increased 15.5 cents per gallon during the last month and stands 15.1 cents per gallon lower than this day one year ago.

“The national average has unsurprisingly continued it’s march higher, and for the sixth consecutive week, motorists have faced rising gasoline prices,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“While the rate that gasoline prices may slow nationally this week, I don’t yet believe we’ve seen the peak in prices. Refineries are in the middle of one of their two major yearly maintenance seasons, which means as refineries wrap up their work in April, we could see restarting issues, which could bring the spikes in gasoline prices we’re nearly accustom to seeing every spring,” DeHaan said.

Comments (0)
If you wish to comment, please login.