(Des Moines) According to AAA, the price of regular unleaded gasoline rose two cents, averaging $3.33 across Iowa as of Wednesday, March 27. Prices are up 16 cents from a year ago. The national average on Wednesday was $3.54, up two cents from last week’s price.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.61 per barrel over last week. It is currently priced at $81.37. Brent crude oil fell $.17 and is currently priced at $85.98. One year ago, WTI crude sold for $72.81, and Brent crude was at $76.80.
Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $3.78. One year ago, diesel prices averaged $3.85 in Iowa. The current Iowa diesel price is 27 cents lower than the national average of $4.05.
Wholesale ethanol remained steady at $2.16. The current Des Moines Terminal/Rack Prices are $2.37 for U87-E10, $2.69 for Unleaded 87 (clear), $2.65 for ULSD#2, $2.92 for ULSD#1, and $1.94 per gallon for E-70.
Propane prices averaged $1.58 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 $1.72/MMbtu.
