The price of regular unleaded gasoline rose 11 cents, averaging $2.97 across Iowa according to AAA.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.74 per barrel over last week, currently priced at $77.46.
Brent crude oil rose 2 cents and is currently priced at $82.14.
One year ago, WTI crude sold for $75.98 and Brent crude was at $78.63.
As of Wednesday, the price of regular unleaded gasoline averaged $2.97 across Iowa according to AAA. Prices rose 11 cents from last week's price and are 5 cents lower than one year ago. The national average on Wednesday was $3.13, up 2 cents from last week's price.
Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.26. One year ago, diesel prices averaged $3.31 in Iowa. The current Iowa diesel price is 42 cents less than the national average of $4.68.
Wholesale ethanol held steady and is currently priced at $2.16.
The current Des Moines Terminal/Rack Prices are $2.21 for U87-E10, $2.52 for Unleaded 87 (clear), $3.07 for ULSD#2, $3.95 for ULSD#1, and $2.43 per gallon for E-70 prices.
Propane prices were up 1 cent with a statewide average of $1.94 per gallon.
Home heating oil prices rose 10 cents, with a statewide average of $3.64 per gallon.
Natural gas prices fell $1 at the Henry Hub reporting site and are currently priced at $4.53/MMbtu Tips for saving energy on the road or at home are available at fueleconomy.gov.
Categories: Iowa, Energy