DES MOINES, Iowa—The weekly fuel report released this week by the Iowa Department of Agriculture and Land Stewardship shows gasoline prices averaged lower in the most recent survey. The price of regular unleaded gasoline fell 2 cents, averaging $3.18 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.49 per barrel over last week, currently priced at $79.45.
• Brent crude oil fell $1.72 and currently priced at $81.43.
• One year ago, WTI crude sold for $41.43 and Brent crude was at $42.54.

Motor Fuels

• As of Wednesday, November 17, the price of regular unleaded gasoline averaged $3.18 across Iowa according to AAA.
  • Prices fell 2 cents from last week’s price and $1.20 higher than one year ago.
  • The national average on Wednesday was $3.41, down 1 cent from last week’s price.
• Retail diesel prices in Iowa were down 1 cent this week with a statewide average of $3.46.
  • One year ago, diesel prices averaged $2.20 in Iowa.
  • The current Iowa diesel price is 18 cents less than the national average of $3.64.
• Wholesale ethanol was steady and is currently priced at $2.21.
• The current Des Moines Terminal/Rack Prices are $2.29 for U87-E10, $2.36 for Unleaded 87 (clear), $2.43 for ULSD#2, $2.68 for ULSD#1, and $3.10 per gallon for E-70 prices.

Heating Fuels

• Propane prices fell 3 cents with a statewide average of $1.98 per gallon.
• Home heating oil prices fell 13 cents, with a statewide average of $2.95 per gallon.
• Natural gas prices fell 1 cent at the Henry Hub reporting site and are currently priced at $4.88/MMbtu.

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

(contributed press release, IDALS)