This past week brought another rise to crude oil prices on the West Texas Intermediate (WTI) by $2.58 per barrel for a total price of $52.11. One year ago, that price was at $44.95. According to AAA, as of this past Tuesday, the average price of regular unleaded gasoline in Iowa was $2.47, down three cents from last week but 29 cents higher than one year ago. The national average was $2.57, down five cents from last week’s price. The current Iowa diesel average is six cents lower than the national average of $2.73 and wholesale ethanol prices dropped seven cents over the week to an average of $1.49.
