Thanks for confirming. I drove around but didnt get the code again. I wonder what caused it to come on in the first place.

I had the hood open and the air filter off. The IAT sensor was looking at air through 2 feet of tubing. I highly doubt engine heat can make the air to go from 55 to 140 - especially since I'm able to touch the intake and its not THAT hot. I was expecting to see something around 75-90F.