The price of regular unleaded gasoline rose 39 cents from last week’s price and is currently averaging $4.23 per gallon across Iowa, according to AAA. That is up $1.30 from last year.

The national average on Wednesday was $4.54, up 31 cents from last week’s price.

Retail diesel prices in Iowa rose 46 cents this week with a statewide average of $5.40, up from a $3.31 average one year ago. 

The price of global crude oil fell this week on the West Texas Intermediate by $10.19 per barrel, and is currently priced at $95.02. Brent crude oil is currently priced at $101.94, down $15.26 from last week.

One year ago, WTI crude sold for $60.42 and Brent crude was $62.37.

Go deeper: On a recent episode of the Iowa Economy Podcast, host Chris Conetzkey discussed fuel volatility with Brenda Neville of the Iowa Motor Truck Association and Jeff Lenard of the National Association of Convenience Stores, exploring how energy markets influence freight demand, purchasing behavior and broader economic expectations.