(Des Moines) According to AAA, the price of regular unleaded gasoline rose 10 cents, averaging $3.13 across Iowa. This week’s price is down 14 cents from one year ago. The national average on Wednesday was $3.24, up nine cents from last week’s price.
This week, the price of global crude oil rose on the West Texas Intermediate (WTI) by $1.62 per barrel and is currently at $71.45. Brent crude oil rose by $.78 and is currently at $74.62. One year ago, WTI crude oil sold for $85.95, and Brent crude oil was priced at $87.63.
Retail diesel prices in Iowa rose 9 cents this week to a statewide average of $3.42. One year ago, diesel prices averaged $3.76 in Iowa. The current Iowa diesel price is 21 cents lower than the national average of $3.63. Wholesale ethanol held steady at $2.16.
The current Des Moines Terminal/Rack Prices are $2.30 for U87-E10, $2.55 for Unleaded 87 (clear), $2.46 for ULSD#2, $2.71 for ULSD#1, and $2.01 per gallon for E-70 prices.
Natural gas prices were up $.17 at the Henry Hub reporting site and are currently priced at $4.06 MMbtu. Propane prices averaged $1.62 per gallon in Iowa.
Home heating oil prices had a statewide average of $2.93 per gallon.
