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Gas Prices are Going Down

by KIX101.1/ 1230 KFJB News Department posted Oct 2 2013 3:10PM

AAA has released their monthly gas price report as the month of September has come to an end. And it came to an end on a positive note as the price at the pump dropped at the fastest rate in 11 months. Jene LaDoucer from AAA says this is a trend that we can see continue through Thanksgiving.


LaDoucer even says that the price could drop another 10-15 cents between now and the holiday season. And there are a few factors outside of the switch to the winter blend, which according to LaDoucer, "is cheaper to manufacture." Those other factors include the calm hurricane season that we have experience and overall, Ladoucer says, "inventory levels of gasoline across the United States are strong." He continued in saying that all of the factors are leading to lower prices.

But what about the government shutdown? Will that affect the price at the pump? According to LaDoucer, it will. He says that with some people out of a job possibly staying at home it might cause the demand to decrease and the price to go along with it. But one other factor LaDoucer points out is the reporting of the price of gas, usage, and inventory is done by a government agency so he says, "that will cause a lot of uncertainty."

The average price for gas here in Iowa is $3.34 a gallon for regular gas. If you want to look at the prices of gas around the nation you can go to the following website http://fuelgaugereport.aaa.com/




--By 1230 Reporter Katherine Fritcke
Filed Under :
Topics : Business_Finance
Location : Iowa
People : Jene LaDoucer
10/02/2013 3:20PM
Gas Prices are Going Down
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