As of Wednesday, May 7th the price of regular unleaded gasoline averaged $2.92 across Iowa according to AAA. Prices fell 5 cents from last week’s price and are down 36 cents from a year ago. The national average on Wednesday was $3.15, down 3 cents from last week’s price but still 23 cents higher than the average price in Iowa.

Retail diesel prices in Iowa fell 5 cents this week with a statewide average of $3.29. One year ago, diesel prices averaged $3.70 in Iowa. The current Iowa diesel price is 25 cents lower than the national average of $3.54.

Natural gas prices were up $.32 at the Henry Hub reporting site and are currently priced at $3.64 MMbtu.

Zach Tomesch, News Director KFJB