(Des Moines) According to AAA, the price of regular unleaded gasoline fell five cents, averaging $2.85 across Iowa. The $2.85 average per gallon price is 24 cents lower than one year ago. The national average on Wednesday was $3.11, down three cents from last week’s price.
Retail diesel prices in Iowa fell four cents this week to a statewide average of $3.34. One year ago, diesel prices averaged $4.42 in Iowa. The current Iowa diesel price is 23 cents lower than the national average of $3.57. Wholesale ethanol held steady at $2.16.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.73 per barrel over last week, currently priced at $72.19. Brent crude oil rose by $3.11 and is currently priced at $75.53. WTI crude sold for $81.54 one year ago, and Brent crude was $87.31.
Natural gas prices fell 9 cents at the Henry Hub reporting site and are currently priced at $2.76/MMbtu.
Propane prices averaged $1.53 per gallon in Iowa.
Home heating oil prices had a statewide average of $2.81 per gallon.
