• 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 on two-month decline

Gas prices on two-month decline

October 21, 2006 By admin

The two-month decline in Iowa gas prices continued in the latest Iowa Department of Natural Resources survey.

DNR energy data analyst Jim Bodensteiner says there are a couple of factors pushing prices lower: strong supplies of gasoline and crude oil was at $57.66 a barrel, down by 4.6 percent from last month and 7.6 percent from last year.

The oil producing countries known as OPEC announced they will cut the supply of oil. Bodensteiner says those countries are trying to stabilize oil prices by cutting production by 1.2 million barrels a day.

He says further decreases in oil and gas prices aren’t likely, and if the prices go up, they probably won’t go up radically. Iowa still continues to have some of the lowest gas prices in the country, and Bodensteiner says that’s due to our position in the Midwest.

Parts of Iowa are seeing gas blended with ethanol priced at less than $1.95 a gallon. The U.S. average retail price for regular unleaded gasoline was $2.20 a gallon.

Share this:

  • Facebook
  • Twitter

Filed Under: Uncategorized Tagged With: Transportation

Featured Stories

Jury returns guilty verdict in shooting death of State Trooper

Summit has easements for 20% of carbon pipeline route through Iowa

Morel mushroom hunters on hold without warmer conditions

Trinity Health aquiring all MercyOne health properties

Field of Dreams site developer wants to bid on state baseball, softball tournaments

TwitterFacebook
Tweets by RadioIowa

Iowa Special Olympics Summer games set to open in Ames

Radio Iowa/Baseball Coaches Association High School Poll 5/16/22

Iowa assistant coach Kirk Speraw to retire

Northern Iowa prepares for Missouri Valley Conference softball tournament

T.J. Otzelberger announces staff changes at Iowa State

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC