(Des Moines) According to AAA, the price of regular unleaded gasoline rose five cents, averaging $3.03 across Iowa. As of Wednesday, the price of regular unleaded gasoline averaged $3.03, down 29 cents from a year ago. The national average on Wednesday was $3.15, up five cents from last week’s price.
Retail diesel prices in Iowa held steady this week with a statewide average of $3.33. One year ago, diesel prices averaged $3.78 in Iowa. The current Iowa diesel price is 28 cents lower than the national average of $3.61.
Wholesale ethanol held steady and is currently priced at $2.16.
This week, the price of global crude oil rose on the West Texas Intermediate (WTI) by $2.94 per barrel and is currently at $69.83. Brent crude oil rose by $3.27 and is currently at $73.84. One year ago, WTI crude oil sold for $82.41, and Brent crude oil was priced at $85.91.
Natural gas prices were down $.26 at the Henry Hub reporting site and are currently priced at $3.89.
In Iowa, propane prices averaged $1.64 per gallon, and home heating oil prices had a statewide average of $2.86 per gallon.
