The price of regular unleaded gasoline fell 2 cents, averaging $3.17 across Iowa according to AAA.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.42 per barrel, currently priced at $76.25.
Brent crude oil rose $1.47 and is currently priced at $82.94.
One year ago, WTI crude sold for $103.41 and Brent crude was at $110.93.
As of Wednesday, the price of regular unleaded gasoline averaged $3.17 across Iowa according to AAA. Prices fell 2 cents from last week's price and are 23 cents lower than one year ago. The national average on Wednesday was $3.36, down 4 cents from last week's price.
Retail diesel prices in Iowa were down 9 cents this week with a statewide average of $3.97. One year ago, diesel prices averaged $3.81 in Iowa. The current Iowa diesel price is 43 cents less than the national average of $4.40.
Wholesale ethanol held steady and is currently priced at $2.16.
The current Des Moines Terminal/Rack Prices are $2.37 for U87-E10, $2.70 for Unleaded 87 (clear), $2.89 for ULSD#2, $3.42 for ULSD#1, and $2.30 per gallon for E-70 prices.
Propane prices held steady with a statewide average of $1.95 per gallon.
Home heating oil prices rose 1 cent, with a statewide average of $3.42 per gallon
Natural gas prices rose 38 cents at the Henry Hub reporting site and are currently priced at $2.71/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and https://fueleconomy.gov/.
Categories: Iowa, Energy