The leaves are starting to fall from the trees and an Iowa fuel analyst says gas prices are going to start doing the same sometime soon. Department of Natural Resources analyst, Harold Hommes says the gas price fall toward the two-dollar a gallon mark hit a barrier with a couple refineries stopping production for repairs….
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Hommes says the planned and unplanned repairs had an immediate impact, but he says it shouldn’t last much longer.
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He says there’s often a lag between the drop in wholesale gas prices and the drop at the retail level….
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Gas prices averaged two dollars, 51 cents a gallon in Iowa last week. That was up nine cents from the previous week and down 53 cents from the same time last year. Diesel prices moved up slightly last week, but Hommes says it’s not related to the refinery issues.