Average retail gasoline prices in Iowa have fallen 9.2 cents per gallon in the past week, averaging $3.14 per gallon on Sunday.
Prices in Missouri have also fallen. They are down 7.8 cents per gallon in the past week, averaging $2.96 per gallon on Sunday, according to GasBuddy.com.
"The drop in gas prices certainly has been well noted- in some instances people have been calling this a gas price crash. Dub it whatever you like, but I'll remind motorists: gasoline prices in some areas still could set all-time record highs for Christmas Day," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While it is excellent that gasoline prices have dropped, I'm not on board with this being called a gas price crash. Call me a grinch, call me a realist, but at the end of the day, data doesn't lie- and that data shows that gasoline prices are still clinging near all time highs for today's date," DeHaan said.
The national average for gasoline has fallen 8.0 cents per gallon in the last week, down to $3.25 per gallon.
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