Now that the price of gas is down below $3 per gallon in parts of the Corridor for the first time in almost a year, odds appear good that it will stay a while.
Pump prices for E10 fuels slipped below $3 per gallon at some retailers in the Cedar Rapids metro Wednesday, and other retailers followed suit on Thursday. Prices fell an average of 5 cents per gallon from Wednesday to Thursday, according to AAA, and were as low as $2.969 on the east edge of Marion.
Compared to a year ago, gas prices in Cedar Rapids were about 8 cents per gallon less, although prices statewide averaged two cents per gallon higher. Cedar Rapids has seen a big increase in the number of competing gasoline retailers during the last year as Ankeny-based Kum & Go has opened a series of new convenience stores.
How will sub-$3 gas prices impact you? How long do you think the low prices will remain?