In Davenport, Iowa, the cost of a gallon of regular unleaded gasoline is $3.66. You can also enter your own local gas prices to determine the exact cost of fuel. However, you should remember that the average price of gas in Iowa is on the rise.
Lowest regular unleaded price in Iowa is $1.85
In the past week, the average price of gas in Iowa has dropped by around 10 cents. Late Tuesday, some stations were advertising prices as low as $1.99 a gallon. Hy-Vee, a grocery store in Davenport, also had signs posted for $1.99. The price drop is thought to be a result of a coronavirus outbreak in China that has quarantined tens of millions of people and has reduced demand.
The drop in gas prices occurred in the month of March, when prices would normally have gone up. The sudden decrease in demand coincided with a surplus of oil in the market. In early March, the Organization of Petroleum Exporting Countries met to discuss cuts in production. But the two major oil-producing countries – Saudi Arabia and Russia – disagreed and decided to boost production. By mid-April, oil prices had sunk to negative $40 per barrel.
The average price of gas in Davenport, Iowa has fallen by about six cents in the past week. It was still higher than one year ago, but it is cheaper than it was a year ago. This is a sign that the price of gas is stabilizing and will increase over the next few months. However, despite the lower price, gas prices continue to vary across the country. While California and Hawaii have the highest gas prices in the nation, Iowa is the cheapest in the Midwest. The state’s average gas prices have fallen by about 24 cents in the past month and over forty cents in the last year.
AAA and GasBuddy predict that the national gas price will continue to fall by about 25 cents more. If this trend continues, motorists may soon find gas prices in the $1.50 range in these cities. AAA has a study that shows that gas prices are likely to continue to fall, but consumers should still plan ahead.
The average price for regular unleaded gasoline in Davenport, Iowa has decreased by two-thirds this year. The number of miles driven has fallen by two-thirds in some major cities. The Trump administration has also made it legal for drivers to purchase winter gasoline after May 1. The switch to summer blend also contributes to the seasonal increase in prices.
Average for a regular gallon of gas in Iowa is $3.92
With the ongoing conflict in Ukraine, gas prices are continuing to rise. On Friday, the national average for a regular gallon of gas was $4.33, up 45 cents from last week and a dollar and a half from last year. However, Iowans are still saving money on gas compared to other states in the country, with an average price of $3.92 per gallon, which is still far below the state record of $4.026 in July 2008. Today, adjusted for inflation, gas in Iowa costs around $5.15 a gallon.
While gas prices are still higher than the national average, it is still a welcome relief to see prices in the low four-dollar range again. However, many Iowans won’t get much relief from a four-dollar gas price.
In Iowa, the average price of a regular gallon of gas in Daveanport is $3.92, which is lower than the national average of $4.19. Diesel prices are still significantly higher, but they’re down almost 60 cents from June’s record high. However, the prices are still well above $1,300 per gallon, and this could be prohibitive for some drivers. The cost of fuel will continue to rise, which will hurt businesses and consumers alike.
Iowa gas prices are on the rise
Gas prices have continued to increase in Iowa. The average statewide cost of regular unleaded gas is $4.71 a gallon, up about fourteen cents from last week. Despite the recent increase, Iowa gas prices are still below national averages. Most consumers are opting to stay closer to home rather than take long trips.
The spike in gas prices is most noticeable in the upper Midwest, Great Plains and the West Coast. Several of those states were already experiencing high gas prices before the price spike. The biggest jump in gas prices was seen in California, which has the highest price per gallon in the U.S., according to AAA. In California, the average price of gas is $5.52, up eight cents in a week.
Republican and Democratic lawmakers have stepped up efforts to provide relief to consumers. Republican lawmakers have introduced bills reducing or suspending state gas taxes. Democratic governors of California and Maryland have also called for gas tax relief. Both Republicans and Democrats have written to congressional leaders in support of a suspension of the federal gas tax.
Despite the recent spike in gas prices, the prices are expected to fall slightly in the fall. But this won’t be much comfort for consumers who have grown weary of rising prices. As a result, smart investors are better prepared to deal with the current situation. Kiplinger offers expert financial advice.
After a decline for almost a month, gasoline prices began a modest rise on Wednesday. However, the spike has reversed since the fall, and it is still too early to tell whether this change will have any lasting impact on the price of gasoline. The national average has now reached $3.76 per gallon, up more than 12 cents a month ago.
Ethanol, meanwhile, remains unchanged at $2.16 a gallon at the Henry Hub. Natural gas, on the other hand, dipped by 97 cents to $7.84 per MMBtu. However, ethanol costs about a dollar less at the pump. It’s important to know that there are no guaranteed savings. This all depends on your personal driving habits and the type of vehicle you drive.
Meanwhile, the Midwest and Northeast saw a slight decline in gas prices. Prices in Rhode Island and Massachusetts declined almost a full penny in the past week. Compared to the national average, the prices in the Midwest are lower. In fact, the average price of gas in the Northeast and Midwest is now only 9.3 cents a gallon – down 8.1 cents a gallon on average.