(Des Moines) According to AAA, the price of regular unleaded gasoline fell five cents to an average of $2.70 across Iowa. This is 18 cents lower than one year ago. The national average on Wednesday was $3.03, down four cents from last week’s price.
Retail diesel prices in Iowa fell two cents this week, with a statewide average of $3.28. One year ago, diesel prices averaged $4.00 in Iowa. The current Iowa diesel price is 26 cents lower than the national average of $3.54.
Wholesale ethanol remained steady at $2.16. The current Des Moines Terminal/Rack Prices are $1.80 for U87-E10, $2.01 for Unleaded 87 (clear), $2.15 for ULSD#2, $2.37 for ULSD#1, and $1.77 per gallon for E-70.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.43 per barrel over last week, currently priced at $69.90. Brent crude oil fell by $.06 and is currently priced at $73.52. One year ago, WTI crude was sold for $72.73, and Brent crude was $78.16.
Natural gas prices fell 48 cents at the Henry Hub reporting site and are currently at $2.99/MMbtu. Propane prices averaged $1.55 per gallon in Iowa, and home heating oil prices had a statewide average of $2.90 per gallon.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
