(Des Moines) According to AAA, the price of regular unleaded gasoline rose 34 cents, averaging $3.92 across Iowa, and up 51 cents from a year ago. The national average on Wednesday was $3.85, up 5 cents from last week’s price.
Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $4.27. One year ago, diesel prices averaged $4.86 in Iowa. The current Iowa diesel price is 24 cents less than the national average of $4.51.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.61 per barrel over last week, currently priced at $88.98. Brent crude oil rose $2.73 and is currently priced at $92.25. One year ago, WTI crude sold for $87.31, and Brent crude was at $92.04.
Wholesale ethanol held steady and is currently priced at $2.16. The current Des Moines Terminal/Rack Prices are $2.97 for U87-E10, $3.49 for Unleaded 87 (clear), $3.39 for ULSD#2, $3.89 for ULSD#1, and $2.64 per gallon for E-70 prices.
Natural gas prices rose 23 cents at the Henry Hub reporting site and are currently priced at $2.76/MMbtu. In September, we will continue reporting retail heating oil and propane prices in Iowa.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
