• 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 / Gas prices drop, expected to level off for the Summer

Gas prices drop, expected to level off for the Summer

June 21, 2004 By admin

Summer’s here and it looks like gas prices are going to be a little lower than this spring. Iowa Department of Natural Resources energy analyst Tami Foster says the average price of a gallon of gas in the state dropped 10 cents in the month since the last survey. Foster says the average price was one-dollar and 86-cents a gallon, and she says it could drop some more.She says it could drop into the dollar-60 range, as she says some areas of the state have seen it drop that low. She says prices range from a dollar-60 cents all the way up to two dollars a gallon. Foster says prices will likely settle in around one-dollar and 70 cents a gallon. She says there’s probably not much chance of getting as low as we were last summer. She says that would be wishful thinking, as we were in the dollar-40’s last summer. She says the continued threats in Iraq and Saudi Arabia are keeping uncertainty in the market. Foster says the higher prices haven’t stopped people from gassing up and taking off. She says we haven’t seen a decrease in demand nationwide, and here in Iowa the most recent data indicate the same thing — that people are driving as much as they normally do. While motorists aren’t buying less gas, Foster says they have been taking advantage of the tax breaks that make ethanol-blended gas one to four cents cheaper. She says ethanol did hit a record share of the market in March and it typically holds 67 to 68-percent of the marker. Diesel fuel dropped three cents a gallon to an average of one-dollar and 72-cents a gallon.

Share this:

  • Facebook
  • Twitter

Filed Under: Uncategorized Tagged With: Department of Natural Resources, Transportation

Featured Stories

DOT plow crews struggling against blizzard conditions

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

Do you have to pay tax on your stimulus check?

All six in Iowa’s congressional delegation confirm Electoral College results

TwitterFacebook
Tweets by RadioIowa

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

Iowa State’s Foster to miss remainder of the season

Drake basketball season put on hold

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC