As of Wednesday, May 8th, the price of regular unleaded gasoline averaged $3.28 across Iowa according to AAA. Prices fell 2 cents from last week’s price and are down 2 cents from a year ago. The national average on Wednesday was $3.64, down 2 cents from last week’s price but still 36 cents higher than the average price in Iowa. Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.69. One year ago, diesel prices averaged $3.79 in Iowa. The current Iowa diesel price is 28 cents lower than the national average of $3.97. Natural gas prices rose 29 cents at the Henry Hub reporting site and are currently prices at $2.21/MMbtu (per million British thermal units)
Zach Tomesch, News Director KFJB