The price of regular unleaded gasoline fell 16 cents, averaging $3.22 across Iowa according to AAA.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.82 per barrel over last week, currently priced at $80.30.
Brent crude oil fell $3.35 and currently priced at $85.30.
One year ago, WTI crude sold for $66.18 and Brent crude was at $70.86.
As of Wednesday, the price of regular unleaded gasoline averaged $3.22 across Iowa according to AAA. Prices fell 16 cents from last week's price and 8 cents higher than one year ago. The national average on Wednesday was $3.50 down 14 cents from last week's price.
Retail diesel prices in Iowa were down 13 cents this week with a statewide average of $4.85. One year ago, diesel prices averaged $3.42 in Iowa. The current Iowa diesel price is 33 cents less than the national average of $5.18.
Wholesale ethanol held steady and is currently priced at $2.16.
The current Des Moines Terminal/Rack Prices are $1.99 for U87-E10, $2.29 for Unleaded 87 (clear), $2.99 for ULSD#2, $4.34 for ULSD#1, and $2.43 per gallon for E-70 prices.
Propane prices were steady with a statewide average of $1.93 per gallon.
Home heating oil prices fell 37 cents, with a statewide average of $4.06 per gallon.
Natural gas prices rose 28 cents at the Henry Hub reporting site and are currently priced at $6.93/MMbtu
Tips for saving energy on the road or at home are available at fueleconomy.gov.
Categories: Iowa, Energy