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Crude Oil Price Drop Is Not Yet Reflected At The Pump

A significant drop of an average of $6.87 per barrel in crude oil prices has not yet been reflected at the pump. AAA of Iowa reports that as of Tuesday, Aug. 6, the price of regular unleaded gasoline averaged $2.55 across the state. This is only one cent lower than last week and $.18 lower than one year ago. The national average sits at $2.69, which is $.04 lower than last week. Retail diesel prices in Iowa followed suit at one cent below last week, but were $.23 below the 2018 average. Iowa’s current diesel prices are $.13 below the national average.

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