DES MOINES – Retail gasoline prices in Iowa dropped $.02, closing the week at $2.29. US Average retail gasoline prices held steady at $2.29 per gallon.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.31 per barrel over last week, and is currently priced at $48.13.
Brent crude oil was down $.73 and is currently priced at $50.78.
One year ago WTI crude sold for $41.45 and Brent crude was at $40.54.
As of Tuesday, March 21st, the price of regular unleaded gasoline averaged $2.29 across Iowa according to AAA. This is down $.02 from last week and $.26 higher than one year ago. The national average on Tuesday was $2.29, holding steady at last week’s price.
Retail diesel fuel prices in Iowa were down a penny with a statewide average of $2.45. One year ago diesel prices averaged $2.08 in Iowa. The current Iowa diesel average is $.06 lower than the national average of $2.51.
Wholesale ethanol prices were up $.02 from last week’s price, closing at $1.55.
The current Des Moines Terminal/Rack Prices are $1.53 for U87-E10, $1.71 for Unleaded 87 (clear), ULSD#2 is at $1.59, ULSD#1 is at $1.72, and E-70 is priced at $1.60 per gallon.
Propane prices held steady from last week’s report, with a statewide average of $1.21 per gallon. Home heating prices are down $.03 from last week, ending with a statewide average of $1.95. Natural Gas prices are up $.02 at the Henry Hub reporting site and ended the week at $3.06 / MMbtu.