DES MOINES – Retail gasoline prices in Iowa rose $.04 this week, closing at $2.31 per gallon. The national retail gasoline average was $2.35 per gallon, a $.06 rise.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.80 per barrel over last week, and is currently priced at $51.10.
Brent crude oil was up $2.08 and is currently priced at $54.35.
One year ago WTI crude sold for $35.89 and Brent crude was at $35.88.
As of Tuesday, April 4th, the price of regular unleaded gasoline averaged $2.31 across Iowa according to AAA. This is up $.04 from last week and $.28 higher than one year ago. The national average on Tuesday was $2.35, $.06 higher than last week’s price.
Retail diesel fuel prices in Iowa were up a penny with a statewide average of $2.45. One year ago diesel prices averaged $2.09 in Iowa. The current Iowa diesel average is $.06 lower than the national average of $2.51.
Wholesale ethanol prices were up $.05 from last week’s price, closing at $1.64.
The current Des Moines Terminal/Rack Prices are $1.65 for U87-E10, $1.85 for Unleaded 87 (clear), ULSD#2 is at $1.70, ULSD#1 is at $1.82, and E-70 is priced at $1.71 per gallon.
Natural Gas prices are up $.14 at the Henry Hub reporting site and ended the week at $3.07/ MMbtu.
Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.