(Des Moines) According to AAA, the price of regular unleaded gasoline fell seven cents to an average of $2.91 across Iowa.
This week’s gas price is 23 cents lower than one year ago. The national average on Wednesday was $3.08, down three cents from last week’s price.
Retail diesel prices in Iowa fell 6 cents this week with a statewide average of $3.35. One year ago, diesel prices averaged $3.76 in Iowa. The current Iowa diesel price is 28 cents lower than the national average of $3.63.
Wholesale ethanol held steady and is currently priced at $2.16.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.76 per barrel over last week, currently priced at $67.27. Brent crude oil rose by $.86 and is currently priced at $70.46.
One year ago, WTI crude sold for $78.51 and Brent crude was $83.66.
Natural gas prices were down $.15 at the Henry Hub reporting site and are currently priced at $4.19 MMbtu.
Propane prices averaged $1.65 per gallon in Iowa.
Home heating oil prices had a statewide average of $2.98 per gallon.
