Demand Is Down, But Gas Prices Are Still Rising In Iowa

Statewide Iowa — It’s the dead of winter and Iowans are driving much less, especially compared to summertime, but gasoline prices are defying the basic lessons of economic by rising, even though demand is falling.

Meredith Mitts, spokeswoman for Triple-A-Iowa, says crude oil prices are setting the bar.

Part of the reason for the higher prices is rising concerns over the potential for war overseas.

The average price for a gallon of gas in Iowa is $3.23, which is up eight cents a gallon in the past week and it’s up 18-cents in the past month. A year ago, gas in Iowa was averaging $2.36, almost a dollar less. The national average is now $3.44. Across Iowa, the cheapest gas is $3.19 a gallon in both Iowa City and Davenport, while the most expensive gas is in Dubuque at $3.32. According to GasBuddy.com the gas price in Sheldon is $3.19, Rock Rapids and Sibley are both at $3.29, and Orange City is at $3.25 a gallon.

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