United Group Insurance

Report: Gas prices rose 30 cents a gallon in the past 30 days

News

April 2nd, 2014 by Ric Hanson

A report on gasoline prices shows the national average has increased 49 of the past 52 days and it’s been almost that severe in Iowa. Triple-A spokeswoman Gail Weinholzer says pump prices in Iowa and Nebraska have been climbing steadily for several weeks, but they should be topping off fairly soon. “They have been going up in both states although both are still significantly below where they were at this time last year,” Weinholzer says. “In fact, we’re paying the lowest amount (for this date) since 2010.”

The statewide average price in Iowa is three-55 a gallon, the same as the national average. Sioux City has Iowa’s cheapest gas, averaging three-46 a gallon, while it’s most expensive in Waterloo at three-60. Prices have bounded since the start of March. Wienholzer says, “We have seen about a 30-cent increase or so over the last month but we do expect prices to peak out rather shortly and decline as we head into the rest of spring, assuming spring does get here.”

Three key factors are to blame for the price hikes, she says: the switch from winter to summer blends of fuel, refineries shutting down for spring maintenance and rising demand with the warmer weather.

(Radio Iowa)