(Des Moines) AAA reports that the price of regular unleaded gasoline fell nine cents to an average of $2.98 last week, 34 cents lower than one year ago. The National average on Wednesday was $3.17, down seven cents from last week’s price.
Retail diesel prices in Iowa fell 3 cents this week to a statewide average of $3.35. One year ago, the average was $3.77. The current Iowa diesel price is 24 cents lower than the national average of $3.59.
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 $5.19 per barrel over last week, currently priced at $62.57. Brent crude oil rose by $5.21 and is currently priced at $65.84. One year ago, WTI crude was sold for $86.15, and Brent crude was $91.29.
Natural gas prices were down $.27 at the Henry Hub reporting site and are currently priced at $3.27 MMbtu.
