As of Wednesday, January 7th the price of regular unleaded gasoline averaged $2.37 across Iowa according to AAA. Prices fell 1 cent from last week’s price and are down 48 cents from a year ago. The national average on Wednesday was $2.82, down 2 cents from last week’s price but still 45 cents higher than the average price in Iowa.

Retail diesel prices in Iowa fell 5 cents this week with a statewide average of $3.25. One year ago, diesel prices averaged $3.29 in Iowa. The current Iowa diesel price is 29 cents lower than the national average of $3.54.

Natural gas prices were down 27 cents at the Henry Hub reporting site and are currently priced at $3.50 MMbtu.

Zach Tomesch, News Director KFJB