DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has reported an increase in gasoline prices in this week’s fuel report. The price of regular unleaded gasoline averaged $2.20 across Iowa, up $.10 from last week.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.72 per barrel over last week, currently priced at $48.01.
• Brent crude oil rose $.55 and currently priced at $51.11.
• One year ago, WTI crude sold for $60.52 and Brent crude was at $67.49.

Motor Fuels

• As of Wednesday, December 23, the price of regular unleaded gasoline averaged $2.20 across Iowa according to AAA.
  • Prices rose $.10 from last week’s price and $.15 lower than one year ago.
  • The national average on Wednesday was $2.25, up $.06 from last week’s price.
• Retail diesel prices in Iowa rose $.07 this week with a statewide average of $2.42.
  • One year ago, diesel prices averaged $2.84 in Iowa.
  • The current Iowa diesel price is $.12 less than the national average of $2.54.
• Wholesale ethanol rose $.02, currently at $1.33.
• The current Des Moines Terminal/Rack Prices are $1.33 for U87-E10, $1.45 for Unleaded 87 (clear), ULSD#2 is at $1.59, ULSD#1 is at $1.72, and E-70 priced at $1.40 per gallon.

Heating Fuels

• Propane prices rose $.06 with a statewide average of $1.18 per gallon.
• Home heating oil was down $.02 from last week, ending with a statewide average of $2.01 per gallon.
• Natural Gas prices rose $.05 at the Henry Hub reporting site and currently priced at $2.70/MMbtu.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.

(contributed press release, IDALS)