As the weather gradually gets cooler, gasoline prices are also cooling off, and industry analysts say prices should start to fall, likely within days. Rose White, at Triple-A Iowa, says passing Labor Day means an end to the summer driving season and a drop-in demand.
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The average price for gasoline in Iowa is now $2.72 a gallon, that’s more than 40-cents higher than a year ago. White anticipates pump prices will spiral downward soon as the switch from summer to winter-grade fuels begins.
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Waterloo and Dubuque are tied for having the most expensive gas in the state, averaging $2.76 a gallon, while the cheapest gas is in Council Bluffs at $2.64. Iowa’s all-time highest gas price hit in July of 2008 with $4.02.