(Des Moines) According to AAA, the price of regular unleaded gasoline rose seven cents this week, averaging $3.04 across Iowa. This is 67 cents lower than one week ago. The national average on Wednesday was $3.21, down 1 cent from last week’s price.
This week, the price of global crude oil fell on the West Texas Intermediate (WTI) by $1.10 per barrel and is currently at $69.59. Brent crude oil rose by $.21 and is currently priced at $73.35. One year ago, WTI crude sold for $89.68, and Brent crude was at $94.01.
Retail diesel prices in Iowa held steady this week with a statewide average of $3.34. One year ago, diesel prices averaged $4.32 in Iowa. The current Iowa diesel price is 25 cents lower than the national average of $3.59.
Wholesale ethanol held steady and is currently priced at $2.16.
Natural gas prices rose 52 cents at the Henry Hub reporting site and are currently priced at $2.83/MMbtu.
