Crude oil prices are falling since a peace agreement was announced Sunday between the U-S and Iran, though gasoline prices in Iowa are dropping more slowly. AAA-Iowa spokesman Brian Ortner predicts it’ll be good news for Iowa consumers as we approach the busy summer travel season and the Independence Day weekend.
Gasoline prices in Iowa are averaging around three-69 a gallon, and that’s only down a penny or so since Sunday.
The peace accord may be signed as soon as Friday, though Ortner says it’s unclear how long it will be before a normal pace of oil shipments is restored. Triple-A will release its July 4th travel forecast next week.
