(Des Moines) According to AAA, the price of regular unleaded gasoline rose 14 cents this past week, averaging $3.31 across Iowa, up 12 cents from a year ago. The national average on Wednesday was $3.52, up 12 cents from last week’s price.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.87 per barrel over last week, currently priced at $81.98. Brent crude oil rose $2.68 and is currently priced at $86.15. One year ago, WTI crude was sold for $67.64, and Brent crude was at $72.42.
Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $3.79. One year ago, diesel prices averaged $3.90 in Iowa. The current Iowa diesel price is 26 cents lower than the national average of $4.05.
Wholesale ethanol remained steady at $2.16. The current Des Moines Terminal/Rack Prices are $2.45 for U87-E10, $2.77 for Unleaded 87 (clear), $2.80 for ULSD#2, $3.07 for ULSD#1, and $1.98 per gallon for E-70.
Propane prices averaged $1.59 per gallon statewide. Home heating oil prices averaged $3.20 per gallon statewide. Natural gas prices rose 2 cents at the Henry Hub reporting site and are currently priced at $1.70.
