(Des Moines) According to AAA, the price of regular unleaded gasoline fell two cents, averaging $2.77 across Iowa.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.24 per barrel over last week, currently priced at $72.01. Brent crude oil fell $.55 and is currently priced at $77.27 one year ago; WTI crude sold for $75.12, and Brent crude was $78.40.
As of Wednesday, the price of regular unleaded gasoline averaged $2.77 across Iowa, according to AAA. Prices fell 2 cents from last week’s price and are down 39 cents from a year ago. The national average on Wednesday was $3.08, down 1 cent from last week’s price.
Retail diesel prices in Iowa fell 5 cents this week, with a statewide average of $3.60. One year ago, diesel prices averaged $4.21 in Iowa. The current Iowa diesel price is 35 cents lower than the national average of $3.95.
Wholesale ethanol held steady and is currently priced at $2.16.
Propane prices averaged $1.57 per gallon statewide. Home heating oil prices averaged $3.02 per gallon statewide. Natural gas prices rose 35 cents at the Henry Hub reporting site and are currently priced at $3.02/MMbtu.
