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.