Gas prices are moving higher across Iowa, according to the latest report from AAA.
The average price for regular unleaded gasoline increased 12 cents over the past week, bringing the statewide average to $3.43 per gallon. That’s also 33 cents higher than this time one year ago. The national average currently sits at $4.06 per gallon, up 8 cents from last week.
Crude Oil Prices Climb
Global crude oil prices also saw a significant increase this week. West Texas Intermediate crude rose $9.32 per barrel to $99.86. Brent crude increased slightly, up 20 cents to $101.86 per barrel.
For comparison, one year ago WTI crude was priced at $71.61, while Brent crude stood at $77.78.
Diesel Prices Hold Steady
Retail diesel prices in Iowa remained unchanged this week, averaging $4.85 per gallon. That’s up from $3.43 per gallon one year ago, but still 64 cents lower than the current national average of $5.49.
Terminal Prices
At the Des Moines terminal, current rack prices are:
- $2.49 for U87-E10
- $2.92 for Unleaded 87 (clear)
- $3.50 for ULSD #2
- $3.67 for ULSD #1
- $2.30 per gallon for E-70
Home Heating Fuel Update
Natural gas prices decreased by 10 cents at the Henry Hub and are currently priced at $2.83 per MMBtu.
Propane prices in Iowa are averaging $1.63 per gallon, while home heating oil has a statewide average of $4.25 per gallon.
Energy Savings Tips
Consumers looking to save on fuel and energy costs can find tips and resources at Energy.gov and FuelEconomy.gov.