Suppliers Behind Uptick In Gas Prices

Gas prices at the pump

Des Moines, Iowa – Gas prices jumped up each of the last two weeks, and a fuels analyst with the Iowa Department of Agriculture says there’s been an adjustment in the supply.

Harold Hommes says the gas refiners are the issue.

He was surprised by how much the cost of the fuel went up.

He says suppliers had a glut of gasoline, and once that worked down some, they raised the price.

Hommes says the oversupply left little room for the refineries to make much on the sale of gas.

The average price of a gallon of gas last week was one dollar, 67 cents, up seven cents from the week before. Gas prices have jumped as much as 18 cents in the last two weeks in parts of Iowa.

About Chris Berg 1356 Articles
Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki and a daughter Brynlee.