(Des Moines) The price of regular unleaded gasoline rose 5 cents this week, up from last week’s worth and $1.10 higher than one year ago. The average price is $3.14 across Iowa, according to AAA. The national average on Wednesday was $3.36, up 7 cents from last week.
Retail diesel prices in Iowa were up 9 cents this week, with a statewide average of $3.41. One year ago, diesel prices averaged $2.18 in Iowa, and the current Iowa diesel price is 16 cents less than the national average of $3.57.
Wholesale ethanol was steady and priced at $2.21. The current Des Moines Terminal/Rack Prices are $2.33 for U87-E10, $2.54 for Unleaded 87 (clear), $2.57 for ULSD#2, $2.82 for ULSD#1, and $2.63 per gallon for E-70 prices.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.91 per barrel over last week, currently priced at $81.78. Brent crude oil rose $1.55 at $84.18 per barrel. One year ago, WTI crude sold for $41.46, and Brent crude was at $41.62.
Propane prices were up 1 cent with a statewide average of $2.01 per gallon. Home heating oil prices fell 1 cent, with a statewide average of $3.04 per gallon. Natural gas prices fell 34 cents at the Henry Hub reporting site at $5.08/MMBtu.