Statewide Iowa — Russia’s invasion of Ukraine has already led to an increase in Iowa gas prices.
Triple-A Iowa spokesperson, Meredith Mitts says the price of a barrel of oil went up leading to the gas increase.
Oil prices hovered around the 100-dollar mark Thursday, the highest price for crude since 2014. Mitts doesn’t know when gas prices might drop again.
Mitts says crude oil prices will continue to be the key.
She says gas prices will change accordingly with the change in the price of oil. Mitts adds the supply of gas in Iowa is not the problem.
The Triple-A survey heading into Thursday found gas prices averaged three dollars, 35 cents in Iowa. That price was up two cents from last week’s price and 70 cents higher than one year ago.
