CEDAR RAPIDS, Iowa (Iowa’s News Now) — Average gas prices in Iowa have risen 8.6 cents per gallon in the past week.
A gallon of gas now averages $2.55, according to GasBuddy’s survey of more than 2,000 stations across the state.
Prices are 3 cents per gallon lower than a month ago and 41.9 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Iowa was $2.09 per gallon Sunday, while the most expensive was $4.11 per gallon, a difference of $2.02.
The national average price of gasoline has risen 1.2 cents per gallon in the past week to $2.88 per gallon. The national average price of diesel has increased 6.2 cents from a week ago and now stands at $3.69 per gallon.
“Average gasoline prices continue to drift higher as crude oil trades near its highest level since last summer, driven by mounting geopolitical risk premiums tied to escalating tensions between the United States and Iran,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While there has been no direct disruption to energy infrastructure, markets are increasingly pricing in the possibility of a broader exchange that could threaten supply flows. Beyond geopolitics, we’re also seeing localized supply constraints, including refinery outages and disruptions along the Olympic Pipeline, which have amplified price pressures in the Pacific Northwest. These developments are unlikely to be isolated, as planned refinery maintenance is set to intensify in the weeks ahead. As seasonal supply tightens, the national average is increasingly likely to retest the $3-per-gallon threshold.”
