Iowa’s gas prices fell 80 cents over six weeks

28 July 2022

Iowa’s gas prices dropped another 23 cents in the last week bringing the statewide average under $4. The state is now on a six-week gas price decline, having dropped 80 cents since the new record was set on June 15th this year.  

Tuesday, the average price for gasoline was $3.96 per gallon. This time last year, the price was $3 a gallon. On average it costs about $59 to fill an average-sized 15-gallon tank of gas. That’s $12 less than what drivers paid when gas prices hit their peak of $4.76 in mid-June. 

"For the first time in a couple months, drivers most Iowa cities are beginning to find pump prices below $4 a gallon," said Meredith Mitts, spokeswoman, AAA - The Auto Club Group (Minnesota/Iowa). "Oil prices, along with demand fell over the last several weeks, which allowed the prices at the pump to decline to the level they are at now.”

“That said, new data from the Energy Information Administration shows that, while still lower than last year, gas demand increased over this past week. This, coupled with a $2.28 increase in crude oil prices could pressure pump prices and slow the decrease we are seeing,” Mitts continued. “It’s important to remember that the market remains extremely volatile, and prices have the potential to bounce back. That particularly applies to hurricane season. If a major storm makes landfall along the gulf coast, impacting operations at refineries in Texas, Louisiana, or Mississippi, prices could spike, due to concerns about fuel supplies."

Ways to Save on Gasoline

  • Combine errands to limit driving time.
  • Shop around for the best gas prices in your community. 
  • Pay with cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.
  • Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.

AAA Resources for Drivers

  • Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 30 cents per gallon on their first fill-up and 5 cents per gallon each additional trip to the pump. Click here for more information.
  • Get a tune-up. Ensure your vehicle is properly maintained to optimize its fuel economy. Visit AAA.com/AutoRepair to find a certified repair shop.
  • Find the lowest gas prices in your area by using the free AAA mobile app.
  • Determine anticipated fuel costs for your trip by using the AAA’s Gas Cost Calculator.

Find Iowa’s Gas Prices

  • Daily gas price averages can be found at Gasprices.aaa.com 
  • State and metro averages can be found here

AAA GAS PRICE AVERAGES
(Price per gallon of regular unleaded gasoline)

 

http://us.vocuspr.com/Publish/522440/vcsPRAsset_522440_105553_279a6033-181d-4f41-a971-72bcb183d553_0.jpg

Thursday

Wednesday

Week Ago

Month Ago

One Year Ago

National

$4.278

$4.302

$4.440

$4.881

$3.167

Iowa

$3.964

$4.003

$4.191

$4.607

$3.003

Minnesota

$4.229

$4.277

$4.405

$4.701

$3.004

Click here to view current gasoline price averages

Regional Prices

  • Most expensive metro markets – Sioux City ($4.15), Ames ($4.12), Iowa City (4.07), Dubuque ($4.05)
  • Least expensive metro markets – Des Moines ($3.82), Davenport ($3.83), Cedar Rapids ($3.84)

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.