(Des Moines) The price of gasoline surged higher last week. According to AAA, the price of regular unleaded gasoline rose 15 cents, averaging $2.91 across Iowa. This is 12 higher than one year ago. The national average on Wednesday was $3.07, up 3 cents from last week’s price.
Retail diesel prices in Iowa rose six cents this week with a statewide average of $3.34. One year ago, diesel prices averaged $3.60 in Iowa. The current Iowa diesel price is 20 cents lower than the national average of $3.54.
Wholesale ethanol held steady and is currently priced at $2.16. The current Des Moines Terminal/Rack Prices are $1.93.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.69 per barrel over last week, currently priced at $73.31. Brent crude oil rose by $1.55 and is currently priced at $76.13. One year ago, WTI crude sold for $71.06 and Brent crude was $75.47.
Natural gas prices were down $.07 at the Henry Hub reporting site and are currently priced at $3.63. Propane prices averaged $1.58 per gallon in Iowa. Home heating oil prices had a statewide average of $2.88 per gallon.
