| (Des Moines) According to AAA, the price of regular unleaded gasoline rose three cents last week, averaging $2.85 across Iowa. Prices rose 3 cents from last week’s price and are steady from a year ago. The national average on Wednesday was $3.10, down 2 cents from last week’s price.
Retail diesel prices in Iowa fell 12 cents this week, with a statewide average of $3.73. One year ago, diesel prices averaged $4.35 in Iowa. The current Iowa diesel price is 30 cents lower than the national average of $4.03. Wholesale ethanol held steady and is currently priced at $2.16. The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $5.41 per barrel over last week, currently priced at $75.06. Brent crude oil rose $5.94 and is currently priced at $80.24. One year ago, WTI crude sold for $76.09, and Brent crude was at $79.45. Propane prices rose 1 cent statewide, averaging $1.56 per gallon. Home heating oil prices rose 2 cents, with a statewide average of $3.15 per gallon. Natural gas prices rose 17 cents at the Henry Hub reporting site and are currently priced at $2.51.
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