Statewide Iowa — Gasoline prices in Iowa dropped a few pennies a gallon in recent days, though the statewide average of $3.90 a gallon is still $1.10 higher than a year ago.
Julie Percival, an economist at the U.S. Bureau of Labor Statistics, says it’s not completely fair to compare the current prices to last year.
Percival says it’s important to note that the fuel hikes are not just because of Russia’s invasion of Ukraine. She says there’s no sign of any major relief in the near-record prices in Iowa.
Triple-A says the average price in Iowa is $3.90 a gallon, 12 cents below the all-time record of $4.08 set in July of 2008. The national average is $4.31, down just two pennies from the record high — which was set last week.
Price reductions have yet to be seen at Sheldon gas pumps, however. As of Wednesday morning, prices ranged from $3.58 to $3.69 a gallon, the same level they were at a week ago.
