(Des Moines) The price of regular unleaded gasoline fell five cents, averaging $2.96 across Iowa according to AAA. Gas prices are down three cents from one year ago. The national average on Wednesday was $3.13, down 3 cents from last week’s price.
Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.44. One year ago, diesel prices averaged $3.81 in Iowa. The current Iowa diesel price is 24 cents lower than the national average of $3.68.
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 $3.93 per barrel over last week, currently priced at $68.92.
Brent crude oil fell by $3.79 and is currently priced at $72.88.
One year ago, WTI crude sold for $78.53 and Brent crude was $84.01.
Natural gas prices were down $.21 at the Henry Hub reporting site and are currently priced at $3.99 MMbtu.
Propane prices averaged $1.69 per gallon in Iowa.
Home heating oil prices had a statewide average of $3.02 per gallon.
