• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Senator says there may be some gas price relief ahead

Senator says there may be some gas price relief ahead

May 8, 2001 By admin

Despite a White House warning that gasoline prices could hit three-dollars a gallon this summer, Iowa Senator Chuck Grassley is trying to stay optimistic about fuel costs. The republican says he has information that foreign oil producers will boost production in July, which would lower prices. He says OPEC wants to make sure the gas prices don’t get too high so they don’t get blamed for the increase and consumers use less.American petroleum industry officials are blaming ethanol for the high gas prices, calling corn-based ethanol a “designer” fuel which detracts from gasoline. Grassley says that’s just wrong, as the oil companies are “demagoging” any new fuel because they don’t control it.Some predictions show gasoline prices will rise five-percent this summer as compared to last summer, or about seven or eight-cents a gallon. Grassley says ethanol is not at fault as it should cost five-cents a gallon less than other fuels.David Downing, a fuel data analyst at the Iowa Department of Natural Resources, says higher gas prices likely won’t effect summer vacation plans for most Americans. Predictions indicate summer travel will be up one-percent from last year. Downing says gas supplies are low and that’s why prices are high.Downing says Americans are no longer conserving fuel, they’re wasting it, and the increased demand has radically cut into supply.Gas prices in the Chicago area are already at two-dollars a gallon. Most Iowa gas stations are averaging around a dollar-69, but some areas are in the mid-one-70s.

Share this:

  • Facebook
  • Twitter

Filed Under: Uncategorized Tagged With: Ethanol, Travel

Featured Stories

Speakers at trooper’s funeral describe Sgt. Smith as selfless, man of faith

Iowa unlikely to join 26 states with hands-free driving laws

Reynolds says Johnson & Johnson vaccine pause manageable

Iowa State Patrol tactical team leader killed in Grundy Center stand-off

Finalists chosen for the state’s top burger

TwitterFacebook
Tweets by RadioIowa

UNI’s Warren agrees to contract extension

Iowa State signs Kansas transfer

Drake elevates Pohlman to head women’s basketball coach

New title sponsor for Des Moines Marathon

Iowa State adds Minnesota transfer

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC