(Des Moines) When the price of oil rises, Gail Weinholzer of Iowa Minnesota Triple A says it may not cause an “automatic” increase at the pump.
“We do expect some downward pressure on prices due to the fact that we started to switch over from the summer to the winter grade fuel this past weekend,” Weinholzer said. “So it may just have a stabilizing effect on prices and may not necessarily push prices up. We do expect prices to decline during the switch over as we move into the fall.”
Weinholzer says the recent “bump up” in gas prices, had to do with hurricane Isaac temporarily closing some gulf-oil operations. She says even though they weren’t closed for long, it has taken a while to ramp-back up again, and fill orders for their customers.
The national average for gasoline Monday is $3.86, down slightly from Friday’s average.
Iowa Radio Network
September 18, 2012