Gas Prices Slightly Lower This Week

(Des Moines) According to AAA, the price of regular unleaded gasoline fell two cents this week, averaging $3.28 across Iowa, which is two cents lower than one year ago. The national average on Wednesday was $3.64, down two cents from last week’s price.

The price of global crude oil fell this week on the West Texas Intermediate by $2.99 per barrel over last week. It is currently priced at $78.40. Brent crude oil fell by $2.64 and is currently priced at $83.07. One year ago, West Texas Intermediate crude sold for $73.16, and Brent crude was at $77.76.

Retail diesel prices in Iowa fell 3 cents this week, with a statewide average of $3.69. One year ago, diesel prices averaged $3.79 in Iowa. The current Iowa diesel price is 28 cents lower than the national average of $3.97.

Wholesale ethanol held steady and is currently priced at $2.16. The current Des Moines Terminal/Rack Prices are $2.31 for U87-E10, $2.63 for Unleaded 87 (clear), $2.49 for ULSD#2, $2.76 for ULSD#1, and $1.99 per gallon for E-70 prices.

Natural gas prices rose 29 cents at the Henry Hub reporting site and are currently at $2.21. Throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.