Exhibit 99.1

NEWS RELEASE FOR IMMEDIATE RELEASE

Casey’s General Stores, Inc. One Convenience Blvd. Ankeny, IA 50021 Nasdaq Symbol CASY CONTACT Bill Walljasper (515) 965-6505

Casey’s Ends Year with Strong Fourth Quarter

Ankeny, Iowa, June 13, 2007—Casey’s General Stores, Inc. (Nasdaq symbol CASY) today reported earnings for the fourth quarter and the fiscal year ended April 30, 2007. For the quarter, earnings per share from continuing operations were $0.36; for the year, they totaled $1.26. President and CEO Robert J. Myers stated, “We had four excellent quarters inside our stores, but the gasoline environment was difficult for much of the year. The closing quarter’s earnings were well above the $0.22 we reported for the same period a year ago because of solid gains in all three of our business categories and a one-time benefit within grocery & other merchandise.” Without the one-time benefit, fourth-quarter earnings from continuing operations would have been $0.30.

Gasoline—Casey’s annual goal was to increase same-store gasoline gallons sold 2% with an average margin of 10.8 cents per gallon. By year-end, Casey’s had increased same-store gallons sold 1.4% and averaged a margin of 10.4 cents per gallon. “We were encouraged that retail prices were more responsive to rising wholesale costs in the fourth quarter,” said Myers. “Our margin improved significantly, and gallons sold were up as well.”

Grocery & Other Merchandise—The Company’s annual goal was to increase same-store sales 3.9% with an average margin of 32.2%. For the fiscal year, same-store sales rose 4.6% with a margin of 32.7%. Management attributed the year’s sales gains to heavier store traffic and improved product mix. The average margin was positively affected by a one-time benefit related to cigarettes. Without the one-time benefit, the average margin would have been 32.1%. “This category’s performance has improved significantly over the past three years,” added Myers, “and we are confident there are more benefits to be derived from point of sale and analysis of the data it provides.”

Prepared Food & Fountain—The annual goal was to increase same-store sales 7.9% with an average margin of 63.4%. Annual same-store sales were up 11%, well above goal. The average margin was 62%. The margin shortfall was due primarily to the higher cost of goods sold that resulted from switching to a dual cola program. “The additional fountain choices contributed to this category’s excellent performance in fiscal 2007, but the real star was our proprietary prepared food program,” said Myers. “We kept the warmers full of the right product at the right time of day and were rewarded with another year of impressive gross profit improvement.”

Operating Expenses—The annual goal was to hold the percentage increase in operating expenses to less than the percentage increase in gross profit. “Gasoline performance slowed the increase in total gross profit to 10.9%,” Myers explained. “Expenses rose 13.4% primarily due to a 31.1% increase in bank fees for customers’ credit card charges plus higher wages and utilities.”

Expansion—Casey’s annual goal was to acquire 50 stores and build 10 new stores. “We actually acquired 52 and built 8,” said Myers. “We were particularly pleased with the HandiMart stores we purchased in October.” At April 30, 2007, the Company had 7 signed agreements for acquisitions, giving a head start on fiscal 2008’s expansion goal.

Fiscal 2008 Goals—Myers shared these goals for the new fiscal year:

• Increase same-store gasoline gallons sold 2% with an average margin of 10.7 cents per gallon.

• Increase same-store grocery & other merchandise sales 4.3% with an average margin of 32.2%.

• Increase same-store prepared food & fountain sales 8.4% with an average margin of 62%.

• Hold the percentage increase in operating expenses to less than the percentage increase in gross profit.

• Acquire 50 stores and build 10 stores.

Dividend—At its June meeting, the Board of Directors increased the quarterly dividend to $0.065 per share. The dividend is payable August 15, 2007 to shareholders of record on August 1, 2007.

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Casey’s General Stores, Inc. Consolidated Statements of Earnings   (Dollars in thousands, except per share amounts)

	Three months ended April 30,				Year ended April 30,
	2007		2006		2007		2006
Net sales	$	1,002,719	$	883,262	$	4,023,330	$	3,491,795
Franchise revenue		143		157		680		681
Total revenue		1,002,862		883,419		4,024,010		3,492,476
Cost of goods sold		850,029		759,192		3,440,725		2,966,254
Operating expenses		106,398		90,249		410,459		361,857
Depreciation and amortization		16,847		14,743		63,895		56,898
Interest, net		3,224		2,568		11,184		8,896
		976,498		866,752		3,926,263		3,393,905
Earnings from continuing operations before income taxes, loss on discontinued operations, and cumulative effect of accounting change		26,364		16,667		97,747		98,571
Federal and state income taxes		8,337		5,682		34,205		35,353
Earnings from continuing operations before loss on discontinued operations and cumulative effect of accounting change		18,027		10,985		63,542		63,218
Loss on discontinued operations, net of tax benefit of $929, $355, $1,055 and $1,065		1,453		555		1,651		1,667
Cumulative effect of accounting change, net of tax benefit of $0, $0, $0, and $692		—		—		—		1,083
Net earnings	$	16,574	$	10,430	$	61,891	$	60,468
Basic
Earnings from continuing operations before loss on discontinued operations and cumulative effect of accounting change	$	.36	$	.22	$	1.26	$	1.25
Loss on discontinued operations		.03		.01		.03		.03
Cumulative effect of accounting change		—		—		—		.02
Net earnings per common share	$	.33	$	.21	$	1.23	$	1.20
Diluted
Earnings from continuing operations before loss on discontinued operations and cumulative effect of accounting change	$	.36	$	.22	$	1.25	$	1.24
Loss on discontinued operations		.03		.01		.03		.03
Cumulative effect of accounting change		—		—		—		.02
Net earnings per common share	$	.33	$	.21	$	1.22	$	1.19

Casey’s General Stores, Inc.

Consolidated Balance Sheets

(Dollars in thousands)

	April 30, 2007		April 30, 2006
Assets
Current assets
Cash and cash equivalents	$	107,067	$	75,369
Receivables		13,432		11,032
Inventories		109,702		96,255
Prepaid expenses		7,891		7,063
Income taxes receivable		2,733		3,047
Total current assets		240,825		192,766
Other assets, net of amortization		8,550		6,894
Goodwill		46,588		14,414
Property and equipment, at cost
Land		233,887		211,910
Buildings and leasehold improvements		501,470		469,070
Machinery and equipment		620,620		577,209
Leasehold interest in property and equipment		15,452		6,924
		1,371,429		1,265,113
Less accumulated depreciation and amortization		538,121		490,288
Net property and equipment		833,308		774,825
Total assets	$	1,129,271	$	988,899
Liabilities and Shareholders’ Equity
Current liabilities
Current maturities of long-term debt	$	47,566	$	51,628
Accounts payable		134,375		146,121
Accrued expenses
Property taxes		13,097		11,418
Self-insurance		16,391		15,635
Other		22,838		20,254
Total current liabilities		234,267		245,056
Long-term debt, net of current maturities		199,504		106,512
Deferred income taxes		105,724		99,929
Deferred compensation		9,016		7,236
Other long-term liabilities		8,496		6,976
Total liabilities		557,007		465,709
Total shareholders’ equity		572,264		523,190
Total liabilities and shareholders’ equity	$	1,129,271	$	988,899

Certain statements in this news release, including any discussion of management expectations for future periods, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied by those statements. Casey’s disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Sales and Gross Profit by Product

(Amounts in thousands)

Year ended 4/30/07	Gasoline			Grocery & Other Merchandise			Prepared Food & Fountain			Other			Total
Sales	$	2,881,054		$	852,812		$	267,273		$	22,191		$	4,023,330
Gross profit	$	124,094		$	278,650		$	165,764		$	14,097		$	582,605
Margin		4.3	%		32.7	%		62.0	%		63.5	%		14.5	%
Gasoline gallons		1,193,554
Year ended 4/30/06
Sales	$	2,478,734		$	765,986		$	228,525		$	18,550		$	3,491,795
Gross profit	$	125,443		$	245,536		$	144,036		$	10,526		$	525,541
Margin		5.1	%		32.1	%		63.0	%		56.7	%		15.1	%
Gasoline gallons		1,093,575

Gasoline Gallons Same-store Sales Growth
	Q1		Q2		Q3		Q4		Fiscal Year
F2007	-2.9	%	2.7	%	4.0	%	2.8	%	1.4	%
F2006	7.7		4.3		4.2		0.5		4.4
F2005	-1.3		1.0		2.8		5.6		1.9
Gasoline Margin (Cents per gallon)
	Q1		Q2		Q3		Q4		Fiscal Year
F2007	9.8	¢	9.4	¢	10.5	¢	11.8	¢	10.4	¢
F2006	11.8		14.1		9.2		10.6		11.5
F2005	12.0		9.8		10.4		11.0		10.8
Grocery & Other Merchandise Same-store Sales Growth
	Q1		Q2		Q3		Q4		Fiscal Year
F2007	2.3	%	3.5	%	6.7	%	7.3	%	4.6	%
F2006	7.4		4.5		5.3		4.2		5.7
F2005	2.1		4.8		6.8		6.3		4.8
Grocery & Other Merchandise Margin
	Q1		Q2		Q3		Q4		Fiscal Year
F2007	32.3	%	32.6	%	30.8	%	35.0	%	32.7	%
F2006	32.1		33.5		31.3		31.1		32.1
F2005	31.4		31.0		31.4		30.0		31.1
Prepared Food & Fountain Same-store Sales Growth
	Q1		Q2		Q3		Q4		Fiscal Year
F2007	9.5	%	13.7	%	11.9	%	8.5	%	11.0	%
F2006	7.2		4.5		9.9		7.4		7.4
F2005	6.1		9.0		9.0		9.8		8.4
Prepared Food & Fountain Margin
	Q1		Q2		Q3		Q4		Fiscal Year
F2007	62.9	%	61.6	%	62.1	%	61.6	%	62.0	%
F2006	64.0		64.6		62.6	%	60.9		63.0
F2005	58.8		60.8		60.9		61.0		60.4

Corporate information is available at this Web site: http://www.caseys.com. Earnings will be reported during a conference call on June 14, 2007. The call will be broadcast live over the Internet at 9:30 a.m. CT via the Investor Relations section of our Web site and will be available in an archived format.