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Gas prices could hit $2 per gallon or lower after Iran deal

gas-pumpMASON CITY – According to reports, the Iran nuclear deal could drive gas prices much lower than they already are.

CNN reported today that in the wake of a nuclear deal with Iran, gas prices are likely to plummet to $2 per gallon or lower.  Oil prices are extremely low right now, driving some petroleum companies to bankruptcy.  If Congress approves a nuclear arms deal announced today and negotiated by the Obama Administration, a new glut of millions of barrels of oil will hit the market, further decimating oil prices.  A result of that will be much lower prices at the pump.

Gas prices in the Mason City area are already well below $3 a gallon, a welcome relief from years past when prices hit $4 or more.  The low prices could be seen by December.

See current gas prices in Mason City (information via OPIS Retail Fuel Prices):

Caseys  
CASEYS GENERAL STORE (DISCOUNT AVAILABLE)
2701 19TH ST SW
Mason City ,IA 50401
$2.529
07/14 11:23 AM
Caseys  
CASEYS GENERAL STORE (DISCOUNT AVAILABLE)
1607 S FEDERAL AVE
Mason City ,IA 50401
$2.529
07/14 10:46 AM
Kum & Go  
KUM & GO #6
1920 S FEDERAL AVE
Mason City ,IA 50401
$2.549
07/14 12:22 PM
Murphy Usa  
MURPHY USA #6795 (DISCOUNT AVAILABLE)
4059 4TH ST SW
Mason City ,IA 50401
$2.719
07/11 12:45 PM
Kum & Go  
KUM & GO #496
418 S FEDERAL AVE
Mason City ,IA 50401
$2.779
07/13 4:43 PM
Kum & Go  
KUM & GO #656
637 12TH ST NE
Mason City ,IA 50401
$2.779
07/14 9:41 AM
Kum & Go  
KUM & GO #404
1303 4TH ST SW
Mason City ,IA 50401
$2.779
07/14 8:05 AM
Kum & Go  
KUM & GO #727
1465 4TH ST SE
Mason City ,IA 50401
$2.779
07/14 8:10 AM
Caseys  
CASEYS GENERAL STORE (DISCOUNT AVAILABLE)
813 N FEDERAL AVE
Mason City ,IA 50401
$2.829
07/14 10:20 AM
Caseys  
CASEYS GENERAL STORE (DISCOUNT AVAILABLE)
610 S MONROE AVE
Mason City ,IA 50401
$2.829
07/14 10:39 AM
Caseys  
CASEYS GENERAL STORE (DISCOUNT AVAILABLE)
1361 12TH ST NW
Mason City ,IA 50401
$2.829
07/14 11:49 AM
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