Average gasoline prices in Iowa have fallen 2.7 cents per gallon in the last week, averaging $2.89/g today, according to GasBuddy’s survey of 2,036 stations in Iowa. Prices in Iowa are 14.1 cents per gallon higher than a month ago and stand 12.7 cents per gallon higher than a year ago. The national average price of diesel has increased 4.4 cents in the last week and stands at $3.650 per gallon.
According to GasBuddy price reports, the cheapest station in Iowa was priced at $2.47/g yesterday while the most expensive was $3.44/g, a difference of 97.0 cents per gallon. The lowest price in the state yesterday was $2.47/g while the highest was $3.44/g, a difference of 97.0 cents per gallon.
The national average price of gasoline has fallen 0.9 cents per gallon in the last week, averaging $3.08/g Monday. The national average is up 6.5 cents per gallon from a month ago and stands 1.8 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“Oil prices have declined over the last week following President Trump’s speech at the World Economic Forum, where he urged Saudi Arabia to lower oil prices by restoring production. The downturn in oil has caused gas prices to stabilize for the time being, with crude now more than $5 per barrel below where it was a couple of weeks ago,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, I remain hopeful that tariffs won’t materialize, and gas prices could stay relatively stable the next few weeks.”