According to AAA, the price of regular unleaded gasoline rose two cents, averaging $2.97 across Iowa. This is 13 cents higher than one year ago. The national average on Wednesday was $3.13, up one cent from last week’s price.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.12 per barrel over last week, currently priced at $71.17. Brent crude oil fell by $2.45 and is currently priced at $74.68.
One year ago, WTI crude was sold for $73.2,1, and Brent crude was $79.30.
Retail diesel prices in Iowa rose 5 cents this week with a statewide average of $3.47. One year ago, diesel prices averaged $3.53 in Iowa. The current Iowa diesel price is 20 cents lower than the national average of $3.67.
Wholesale ethanol held steady and is currently priced at $2.16.
Natural gas prices were up $.16 at the Henry Hub reporting site and are currently priced at $3.28/MMbtu. Propane prices averaged $1.68 per gallon in Iowa.
Home heating oil prices had a statewide average of $3.03 per gallon.
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