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What’s happening with gas prices in Iowa and Illinois

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Gas pump

Recent spikes in the price of gasoline are especially painful in Illinois, where prices are the highest of all of the 48 contiguous states.

AAA reports the average price of a gallon of regular gasoline in Illinois was $4.043 Wednesday, August 8, 2012.  A gallon of mid-level gasoline averaged $4.189 and premium was going for an average of $4.366. 

Compare that to Iowa, where gasoline prices were around 50 cents less per gallon.  In Iowa, regular gasoline averaged $3.587 per gallon, mid-level gasoline averaged $3.514 and premium averaged $3.748 per gallon. 

In the Quad Cities, prices on the Illinois side were reported between $3.46 and $3.79 in Rock Island and Moline, $3.69 in Rapids City and at $3.79 in Colona.  Iowa-side gas prices were reported between $3.46 and $3.69 in Davenport and Bettendorf, $3.59 and $3.64 in LeClaire. 

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The national average for a gallon of regular gasoline was $3.647.  Mid-level average price was $3.784 and the average price for a gallon of premium gasoline was $3.921. 

Illinois prices were lower than only one other state, Hawaii, where regular gasoline averaged $4.146, mid-level was at $4.239 and premium was at $4.333 per gallon.   Hawaii’s prices exceeded AAAs highest previously-recorded average price of $4.114 per gallon in July 2008. 

The rupture and shutdown of a Wisconsin pipeline, as well as issues at Illinois and Indiana refineries, have caused state gas prices to soar according to a recent report by the Associated Press.  The report said the price hike was temporary and that prices should drop as the refinery problems are fixed.