The price of regular unleaded gasoline rose 1 cent, averaging $3.30 across Iowa according to AAA.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $4.64 per barrel over last week, currently priced at $83.56. Brent crude oil fell $3.30 and is currently priced at $88.05. One year ago, WTI crude sold for $85.32 and Brent crude was at $91.76.
As of Wednesday, the price of regular unleaded gasoline averaged $3.30 across Iowa according to AAA. Prices rose 1 cent from last week’s price but are down 24 cents from a year ago. This is 24 cents lower than the National Average of $3.54, which is down 4 cents from last week.
Retail diesel prices in Iowa shot up 42 cents this week with a statewide average of $4.68. One year ago, diesel prices averaged $5.22 in Iowa.
The current Iowa diesel price is 16 cents higher than the national average of $4.52.
Wholesale ethanol held steady and is currently priced at $2.16.
The current Des Moines Terminal/Rack Prices are $2.25 for U87-E10, $2.56 for Unleaded 87 (clear), $3.15 for ULSD#2, $3.69 for ULSD#1, and $2.33 per gallon for E-70 prices.
Propane prices were up 1 cent with a statewide average of $1.55 per gallon. Home heating oil prices rose 50 cents, with a statewide average of $4.37 per gallon. Natural gas prices rose 28 cents at the Henry Hub reporting site and are currently priced at $3.38/MMbtu