Oil prices have hit an all-time high and Dawn Duffy of Triple-A’s Iowa/Minnesota office says that will likely translate into higher prices at the gas pump. She says we still have a whole month left of our high summertime drive time and this definitely is going to affect prices at least in the next month. Duffy says there are a number of factors at work.What is happening in Russia with their oil production, what is happening in Norway with the possible strike of their oil workers, the pending recall of Venezuelan President Hugo Chavez, and also things that are happening here in this country with the increased use, the increased demand that we have. Gas prices in Iowa in the last Triple-A survey averages one-dollar and 82-cents a gallon.
SEARCH THIS SITE
RECENT NEWS
- Iowa housing market movement looks to be back where it was before COVID
- Grassley: Pentagon workers spent millions of pandemic dollars on personal expenses
- After missing Iowa trucker’s body found, wife says: ‘Things don’t add up.’
- Western Iowa Tech to pay millions to students to settle lawsuit
- $18.8 million workforce housing development planned in Spirit Lake