Retail gasoline prices fall in Iowa during past week
Stability in market prices have led to falling gasoline prices, according to Patrick DeHaan, senior petroleum analyst for GasBuddy.com.
Retail gasoline prices in Iowa fell 4.6 cents per gallon in the past week, averaging $3.62 per gallon March 17, according to GasBuddy’s daily survey of over 2,000 outlets in Iowa. This compares with the national average that fell 1.9 cents the last week to $3.65 per gallon.
Including the change in gas prices in Iowa during the past week, prices March 17 were 16.4 cents per gallon lower than the same day one year ago and 11.2 cents per gallon lower than a month ago.
The national average has decreased 4.1 cents per gallon during the last month and stands 15 cents per gallon lower than this day one year ago.
“The national average has seemingly found some relative stability in the last week,” said DeHaan. “And while the national average hasn’t seen much movement, some areas of the country have seen volatility continue, mainly in the Great Lakes states where prices may be poised to rise in the next couple of days as wholesale prices reverberate as refineries continue their maintenance schedules and the progressive switch over to summer gasoline continues.”