A big drop in oil prices and a glut of gasoline on the market had some analysts predicting 99 cent-a-gallon gas would hit pumps across the country. Iowa Agriculture Department fuels analyst, Harold Hommes is not one of them.
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Hommes was surprised prices in Iowa got as low as they did.
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Gas prices moved back up the last couple of weeks as the supply glut cleared, and Hommes doesn’t expect another big drop back down.
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Hommes says the 47-point-four cents in taxes on each gallon make it tough to get below one dollar.
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Iowa added an extra 10 cents to the state tax on gasoline last year.