The average price of regular unleaded gasoline in Iowa edged lower this week, according to AAA.
AAA reports the statewide average fell 1 cent from last week to $2.37 a gallon. That price is 48 cents lower than a year ago. The national average on Wednesday stood at $2.82, down 2 cents from last week.
Crude oil prices also declined over the past week. West Texas Intermediate crude fell $1.49 per barrel to $56.37, while Brent crude dropped $1.01 to $60.23. One year ago, WTI was trading at $74.99 a barrel and Brent crude at $77.84.
Diesel prices in Iowa also moved lower. Retail diesel fell 5 cents this week to an average of $3.25 a gallon, compared to $3.29 a year ago. Iowa’s diesel price is now 29 cents below the national average of $3.54.
Locally, prices varied by community. As of Wednesday afternoon, GasBuddy reported regular unleaded gas at $2.54 a gallon in Hampton, $2.44 in Belmond and $2.59 in Greene.
