(Des Moines) The average price of gasoline in Iowa fell 4 cents this week, currently at $1.50 per gallon.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $6.35 per barrel over last week, currently priced at $13.91. Brent crude oil fell $7.78 and currently priced at $20.33. One year ago, WTI crude sold for $65.70, and Brent crude was at $70.71.
As of Wednesday, April 22, the price of regular unleaded gasoline averaged $1.50 across Iowa according to AAA. Prices fell $.04 from last week’s worth and $1.23 lower than one year ago. The national average on Wednesday was $1.80, down $.04 from last week’s price.
Retail diesel prices in Iowa fell $.02 this week with a statewide average of $2.22. One year ago, diesel prices averaged $2.99 in Iowa. The current Iowa diesel price is $.27 less than the national average of $2.49. Wholesale ethanol prices fell $.02, currently at $0.95.The current Des Moines Terminal/Rack Prices are $0.43 for U87-E10, $0.53 for Unleaded 87 (clear), ULSD#2 is at $.82, ULSD#1 is at $.92, and E-70 priced at $.87 per gallon.
Natural Gas prices rose $.29 at the Henry Hub reporting site and currently priced at $1.90/MMbtu. Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
