(Des Moines) According to AAA, the price of regular unleaded gasoline rose six cents, averaging $3.01 across Iowa. This is eight cents higher than one year ago. The national average on Wednesday was $3.16, up one cent from last week’s price.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.60 per barrel over last week, currently priced at $72.85. Brent crude oil rose by $.65 and is currently priced at $76.67. One year ago, WTI crude was sold for $78.72, and Brent crude was $85.52.
Retail diesel prices in Iowa rose one cent this week with a statewide average of $3.46. One year ago, diesel prices averaged $3.84 in Iowa. The current Iowa diesel price is 23 cents lower than the national average of $3.69.
Wholesale ethanol held steady and is currently priced at $2.16.
The current Des Moines Terminal/Rack Prices are $2.08
Natural gas prices were up $.66 at the Henry Hub reporting site and are currently priced at $4.20 MMbtu.
Propane prices averaged $1.67 per gallon in Iowa.
Home heating oil prices had a statewide average of $3.05 per gallon.
