• 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 down nearly 8% over May

Gas prices down nearly 8% over May

June 20, 2007 By admin

Iowa’s average price for a gallon of gas has been under the three-dollar-a-gallon mark for a couple of weeks — but the national average price just fell below that mark for the first time in 47 days. Iowa Department of Natural Resources energy analyst, Brian Crowe, says Iowa uncharacteristically led the nation in gas price average for a time in May before dropping below the three-dollar line.

Crowe says a lot of refineries weren’t putting out a "standard level of product" as the summer driving season started. The prices started coming back down as more gas entered the market. Crowe says the average price of a gallon of 10 percent ethanol-blended gasoline was $2.92 in the latest survey. That’s down 7.9 percent from the average price in the May survey of $3.17 per gallon.

Crowe says gas prices will probably level off a little now. Crowe says the summer demand will likely keep the prices from going very low. But, he expects prices to drop to the "middle two dollar range" toward the end of summer. The survey found the average price for diesel fuel in Iowa at $2.82 per gallon, three cents lower than May. Crowe says although diesel fuel traditionally costs 40 cents more a gallon than gasoline, diesel fuel continues to drop in price and sell for 10-cents less than gasoline in Iowa.

Share this:

  • Facebook
  • Twitter

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

Featured Stories

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

Iowan who was oldest person in the U.S. dies

Iowa Lottery to start making some payments via debit cards

TwitterFacebook
Tweets by RadioIowa

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

Northern Iowa men host Valparaiso

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC