DES MOINES – The average price of unleaded retail gasoline in Iowa fell for the fourth consecutive week. This week, prices were down $.08, closing at $3.34.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.65 per barrel over last week, currently at $104.05.
Brent crude oil rose $1.02 this week, currently at $109.19.
One year ago WTI crude sold for $91.89 and Brent crude was at $112.49.
As of Tuesday, October 1st, the price of regular unleaded gasoline averaged $3.34 across Iowa according to AAA. This is down $.08 from last week and down $.47 from one year ago. The national average on Tuesday was $3.39, 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 $3.83. One year ago diesel prices averaged $3.99 in Iowa. The current Iowa diesel average is $.07 per gallon lower than the national average of $3.90.
Wholesale ethanol prices rose $.08 this week, closing at $1.91. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.27 per gallon, down $.08 from last week’s price and down $.46 from one year ago.
Natural Gas prices in Iowa held steady from last week’s report, ending the week at $3.58 / MMbtu.