DES MOINES – The average price of unleaded retail gasoline in Iowa dropped $.13 this week, closing at $3.42.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $5.86 per barrel over last week, currently at $102.40.
Brent crude oil fell $2.55 this week, currently at $108.17.
One year ago WTI crude sold for $91.37 and Brent crude was at $110.77.
As of Tuesday, September 24th, the price of regular unleaded gasoline averaged $3.42 across Iowa according to AAA. This is down $.13 from last week and down $.40 from one year ago. The national average on Tuesday was $3.45, down $.06 from last week’s price.
Retail diesel fuel prices in Iowa were down $.03 on the Tuesday report with a statewide average of $3.86. One year ago diesel prices averaged $4.00 in Iowa. The current Iowa diesel average is $.06 per gallon lower than the national average of $3.92.
Wholesale ethanol prices rose $.04 this week, closing at $1.83. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.35 per gallon, down $.11 from last week’s price and down $.39 from one year ago.
Natural Gas prices in Iowa were down $.18 from last week’s report, ending the week at $3.58 / MMbtu.