(Area) After a dramatic dip in gas prices, the price at the pump is slowly going back up.
Stay at home orders across the country made their mark on demand. Mark Peterson of the Minnesota/Iowa AAA says as of Monday the national average was at $2.00 per gallon and Iowa’s average was $1.94 per gallon.
“That’s a pretty good price and if you look at last year at this time we were at $2.65. As the summer moves along and more people travel that storage of gas that we’ve had is going to slowly start to go away. And the price is going to start to go up.”
Demand is one factor, tropical storm Cristobal is another. “We have a little weather down south. About 1/3 of the refineries have been closed. How much that impacts prices will depend on how long they stay closed.”
Gas prices steadily declined from March through late April. The national average sank as low as $1.54 per gallon before beginning an upward trend over the last month.
