(Ames, IA) — It won’t likely make Iowans feel any better about paying more than four bucks a gallon for gasoline, but those record high prices aren’t really so high, nor are they records, according to one expert. State Senator Herman Quirmbach who’s also a retired Iowa State economics professor, says this week’s gasoline prices are indeed more expensive than the previous highest-ever prices dating back to July of 2008, but he says the dollar of 2008 “bought a lot more.” He says that former 2008 record high of four dollars-two cents a gallon, in today’s dollars, would actually be more like five-28 a gallon. Triple-A-Iowa says the current statewide average for gas is four-13 a gallon.
