• 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 / Business / Fuel prices going up as temperatures drop

Fuel prices going up as temperatures drop

October 21, 2011 By Matt Kelley

As the cold weather of winter approaches, fuel prices are starting to rise. A report from the Iowa Department of Agriculture and Land Stewardship says heating fuel prices are nudging up while crude oil prices are rising more quickly. Gasoline prices are also climbing.

Triple-A spokesman Tom Crosby says the financial situation overseas is continuing to have an impact on gasoline prices in the U.S. “The problem is, there’s a fear of a worldwide recession,” Crosby says. “As those fears recede with the European settlement of their financial problems, the price of oil is going to increase.”

Crude oil prices have risen for two straight weeks and Crosby says indications are, they may continue rising. Crosby says, “As we in the United States face a continuing recession or a return to what it was two years ago, the dollar is weak and that just pushes the price of crude up.” Gas prices in Iowa are averaging $3.44 a gallon. That’s two-cents lower than the national average. A year ago, the state’s average price for gas was $2.77.

The state’s all-time high for an average gas price was $4.02 a gallon in July of 2008.

Share this:

  • Facebook
  • Twitter

Filed Under: Business, News, Weather Tagged With: Utilities

Featured Stories

Exhibit features lesser known works of Grant Wood

Testing finds 21 new CWD cases in deer

It may become a crime in Iowa to use fake urine in workplace drug tests

February trending 18 degrees below average temperature

Iowa House Education Committee votes to end tenure at UI, ISU, UNI

TwitterFacebook
Tweets by RadioIowa

Iowa’s Jack Nunge lost for the season

Key stretch begins for #9 Iowa

Drake’s Roman Penn lost for the season

Drake’s DeVries named to Naismith watch list

State wrestling opens with limited attendance

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC