Thursday, January 6, 2011

Gas Prices: $4 Possible, $5 is a Stretch

Gas is back up to over $3 a gallon in Iowa. Experts say going over $4 isn't out of the question. Experts at the Iowa Office of Energy Independence expect prices to keep going up. Don Tormey with the Iowa Office of Energy Independence said increased sales in other countries, like China and India, are driving up prices here in the U.S. as well. Here's some good news: we have it a little easier in Iowa. Not only are we sitting a few cents below the national average of $3.08 a gallon; but we have more options. Ethanol blends tend to be a little cheaper.

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