Gas Prices Slightly Higher

(Des Moines) Gasoline prices in Iowa last week increased by two cents per gallon, according to AAA. The average price of regular unleaded gasoline in Iowa was $3.30 as of Wednesday. This is ten cents lower than the price from one year ago. The national average remained the same as last week at $3.66.

The price of crude oil declined this week, with West Texas Intermediate (WTI) dropping by $1.14 per barrel and now costing $81.39. Brent crude oil also fell by $1.98 and is priced at $85.71. One year ago, WTI crude was selling for $75.66, while Brent crude was priced at $76.71.

Diesel prices in Iowa decreased three cents this week, with the statewide average now at $3.72. This is 16 cents lower than the price from one year ago. The current Iowa diesel price is 29 cents lower than the national average of $4.01.

The price of wholesale ethanol remained steady at $2.16. Lastly, natural gas prices at the Henry Hub reporting site fell by four cents and is now priced at $1.92/MMbtu.