(Des Moines) According to AAA, the price of regular unleaded gasoline rose three cents, averaging $2.77 across Iowa. This is five cents lower than one year ago. The national average on Tuesday was $3.04, up one cent from last week’s price.
Retail diesel prices in Iowa held steady this week with a statewide average of $3.29. One year ago, diesel prices averaged $3.70 in Iowa. The current Iowa diesel price is 22 cents lower than the national average of $3.51.
Wholesale ethanol held steady and is currently priced at $2.16.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $0.56 per barrel over last week, currently priced at $70.18. Brent crude oil fell by $.03 and is currently priced at $73.61. One year ago, WTI crude sold for $75.84 and Brent crude was $80.97.
Natural gas prices were up $0.09 at the Henry Hub reporting site and are currently at $3.47. Propane prices averaged $1.57 per gallon in Iowa, and home heating oil prices had a statewide average of $2.83 per gallon.
