DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship is responsible for tracking weekly fuel prices and this week reports that retail diesel prices in Iowa were up 6 cents with a statewide average of $3.49.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.52 per barrel over last week, currently priced at $87.13.
• Brent crude oil rose $1.39 and currently priced at $89.80.
• One year ago, WTI crude sold for $52.61 and Brent crude was at $55.26.

Motor Fuels

• As of Wednesday, January 26, the price of regular unleaded gasoline averaged $3.15 across Iowa according to AAA.
  • Prices rose 1 cent from last week’s price and 82 cents higher than one year ago.
  • The national average on Wednesday was $3.34, up 2 cents from last week’s price.
• Retail diesel prices in Iowa were up 6 cents this week with a statewide average of $3.49.
  • One year ago, diesel prices averaged $2.51 in Iowa.
  • The current Iowa diesel price is 19 cents less than the national average of $3.68.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.38 for U87-E10, $2.63 for Unleaded 87 (clear), $2.63 for ULSD#2, $2.89 for ULSD#1, and $2.20 per gallon for E-70 prices.

Heating Fuels

• Propane prices were up 3 cents with a statewide average of $1.92 per gallon.
• Home heating oil prices rose 6 cents, with a statewide average of $3.15 per gallon.
• Natural gas prices fell 9 cents at the Henry Hub reporting site and are currently priced at $4.13/MMbtu.

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

(contributed press release, IDALS)