(Des Moines) According to AAA, the price of regular unleaded gasoline rose 3 cents, averaging $3.26 across Iowa, and 52 lower than one year ago. The national average on Wednesday was $3.45, down one cent from last week’s price.
This week, the price of global crude oil rose on the West Texas Intermediate (WTI) by $4.02 per barrel to $78.56. Brent crude oil rose by $3.19 to $80.95. One year ago, WTI crude sold for $82.51, and Brent crude was priced at $87.40.
Retail diesel prices in Iowa held steady this week with a statewide average of $3.50. One year ago, diesel prices averaged $4.13 in Iowa. The current Iowa diesel price is 26 cents lower than the national average of $3.76.
Wholesale ethanol held steady and is currently priced at $2.16.
Natural gas prices rose 13 cents at the Henry Hub reporting site and are currently priced at $2.21/MMbtu.
