Casey's gas station in Sioux City near Hamilton Blvd and 37th.
SIOUX CITY, Iowa (KTIV) -
If you haven't been to your local gas station to fill up, now may be the time to go. Gas prices have fallen below three dollars at some stations around Sioux City.
"I might be able to travel a little bit more now," Earl Sorjdrager a resident from Merrill said.
Folks in Sioux City were pretty happy about the recent drop. In fact around town it was hard to find a station without a fuel grade under 3-dollars. But can we expect this to last? An expert who tracks gas prices throughout the year says, we can at least expect some temporary relief.
"Certainly into the start of 2013, prices will at least stabilize, and perhaps even continue to decline further," Gail Weinholzer, Public Affairs with AAA of Minnesota/ Iowa.
She says there are a number of factors that have brought down prices. First off, refineries have switched over from the summer grade fuel to winter grade. This costs less to refine.
Second, hurricane season did not impact many refineries in the Gulf of Mexico. And she say, we're out of summer driving season, so personal automobile travel is down significantly. Meanwhile crude oil prices have stabilized.
"Iowa is about 10 cents lower than the national average," Weinholzer said.
Those KTIV talked with, say it's a welcome surprise at this time of the year.
"We were gonna stop and do some shopping and I saw that the gas price was low, so I thought, we will pull in and fill up, so that may we'll have maybe a few extra pennies to buy Christmas presents," Lavonne Griffin from South Sioux City said.
"We're heading to Denver for Christmas and below 3-dollars makes a heck of a difference," Gene Bennett of Sioux City said.
You can even shop around at some stations to shave a few more cents off. The lowest grade gas here at a Murphy station near Wal-mart was $2.97 a gallon Friday afternoon, but it's even less if you have Wal-mart credit card or shopping card, then, it's $2.87.
According to gasbuddy-dot-com gas this time last year in Iowa was about $3.20 a gallon.
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