Gas prices rise sharply

DES MOINES – The price of regular unleaded gasoline rose 7 cents from last week's price and is currently averaging $2.81 across Iowa according to AAA.
Crude Oil Summary
• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by 28 cents per barrel, and is currently priced at $58.69.
• Brent crude oil rose by 68 cents and is currently priced at $62.73.
• One year ago, WTI crude sold for $72.84 and Brent crude was $75.59.
Motor Fuels
• As of Wednesday, the price of regular unleaded gasoline averaged $2.81 across Iowa according to AAA.
• Prices rose 7 cents from last week’s price and are down 15 cents from a year ago.
• The national average on Wednesday was $3.07, unchanged from last week’s price.

• Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.41.
• One year ago, diesel prices averaged $3.44 in Iowa.
• The current Iowa diesel price is 22 cents lower than the national average of $3.63.
• The current Des Moines Terminal/Rack Prices are $1.81 for U87-E10, $2.00 for Unleaded 87 (clear), $2.33 for ULSD#2, $2.66 for ULSD#1, and $1.92 per gallon for E-70 prices.
Heating Fuels
• Natural gas prices were up 45 cents at the Henry Hub reporting site and are currently priced at $3.44 MMbtu.
• Propane prices averaged $1.52 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.96 per gallon.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.