(Des Moines) According to AAA, the average price for a gallon of gasoline increased by another .02 cents this week.
As of Wednesday, March 17, the price of regular unleaded gasoline averaged $2.81 across Iowa. This is .02 cents higher than last week’s price and 78 cents higher than one year ago. The national average on Wednesday was $2.88, up 6 cents from last week’s price.
Retail diesel prices in Iowa rose .07 cents this week, with a statewide average of $3.13.One year ago, diesel prices averaged $2.51 in Iowa. The current Iowa diesel price is 3 cents more than the national average of $3.10.
Wholesale ethanol rose .01 cent and is currently priced at $1.80
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.72 per barrel over last week, currently priced at $64.39. Brent crude oil rose $.56 and is currently priced at $67.85. One year ago, WTI crude sold for $26.95, and Brent crude was at $27.97.
Propane prices fell 12 cents with a statewide average of $1.64 per gallon. Home heating oil rose 3 cents from last week, ending with a statewide average of $2.66 per gallon. Natural gas prices fell 13 cents at the Henry Hub reporting site and are currently priced at $2.54/MMBtu.
