• 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 / Atypical rise in demand for gasoline pushes up pump prices

Atypical rise in demand for gasoline pushes up pump prices

November 11, 2017 By Radio Iowa Contributor

Gasoline prices at Iowa service stations have risen by as much as a dime a gallon in recent weeks.

Mark Peterson, at AAA-Iowa, says that’s bucking the norm as prices are usually relatively stable or falling during mid-autumn.

“It’s kind of interesting for this time of year, we actually saw a little bit last year as well,” Peterson says. “The price volatility can be attributed to a new trend that’s emerged during October in the last few years and that’s an unexpectedly steady demand for gasoline at the end of the driving season. With prices still being somewhat reasonable, you’re seeing a lot more people starting to travel.”

Gas prices in Iowa are averaging $2.52 a gallon, which is two cents below the national average.

Peterson says, “What we’ve got right now still could trend up a little bit but I think you’re going to see it start to decrease a little as we get closer to the holidays and some of that traveling starts to decrease with the weather.”

While refineries are making the switch from summer to winter grades of fuel about now, several other factors are involved that will impact pump prices.

“OPEC continues to push some prices a little higher because they’re maintaining their production and we are exporting a little bit more than we have in the past,” Peterson says. “Because of that, we’re seeing some modest price increases.”

The state’s most expensive gas is in Cedar Rapids at $2.58 a gallon while the Quad Cities and Sioux City are tied for the cheapest gas at $2.48.

By Pat Powers, KQWC, Webster City

 

Share this:

  • Facebook
  • Twitter

Filed Under: Business, News

Featured Stories

Governor signs child care expansion into law

Iowa seniors have until July 1 to apply for new property tax break

Smoke from distant fires creates colorful sunrise in Iowa

DOT’s Motor Vehicle Enforcement Division to merge into State Patrol

Iowa’s governor approves liability limits for trucking industry

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 5/29/23

Iowa AD Gary Barta announces retirement

Iowa to visit Creighton in Gavitt Tipoff Games

Iowa and Indiana collide Thursday at B1G baseball tournament

Former Hawkeye joins Lisa Bluder’s staff at Iowa

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC