Some Iowa motorists are enjoying the lowest gasoline prices in the nation. The latest Lundberg survey of seven-thousand gas stations finds Des Moines has the lowest prices in the U.S. Rose White, spokeswoman for Triple-A-Iowa, says while crude oil prices are falling, other factors are helping bring down pump prices too.
Processed unleaded fuel, which is ready to be delivered to the marketplace, has fallen 12-cents a gallon — a drop that hasn’t yet been realized at the pumps, which White says means more good news is yet to come for motorists. Des Moines is averaging two-oh-seven a gallon while the statewide average is two-16.
White says many gas stations in Iowa are already selling gas at under two-bucks a gallon. She says prices are falling faster than they can keep up with them as fuel inventories are building. White says Ford Motor Company’s recent announcement that it’s shutting down production of some larger vehicles is a sign of the changing times. She says it shows consumers are buying more fuel-efficient vehicles, or at least they’re not buying as many of the gas guzzlers.
Also, she says this hurricane season so far has been very uneventful for the Gulf Coast, where many refineries are located. Iowa’s statewide average for gas is two-16, which compares to the national average of two-38. A month ago, Iowa’s average was two-77.