DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report which shows gasoline prices continued to increase. The price of regular unleaded gasoline averaged $4.12 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.41 per barrel over last week, currently priced at $105.84.
• Brent crude oil fell $.92 and currently priced at $107.88.
• One year ago, WTI crude sold for $65.28 and Brent crude was at $68.83.

Motor Fuels

• As of Wednesday, May 11, the price of regular unleaded gasoline averaged $4.12 across Iowa according to AAA.
  • Prices rose 20 cents from last week’s price and $1.25 higher than one year ago.
  • The national average on Wednesday was $4.40, up 17 cents from last week’s price.
• Retail diesel prices in Iowa were up 2 cents this week with a statewide average of $5.30.
  • One year ago, diesel prices averaged $3.04 in Iowa.
  • The current Iowa diesel price is 25 cents less than the national average of $5.55.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $3.12 for U87-E10, $3.52 for Unleaded 87 (clear), $4.00 for ULSD#2, $4.15 for ULSD#1, and $2.98 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices fell 73 cents at the Henry Hub reporting site and are currently priced at $7.59/MMbtu.
• Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

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

(contributed press release, IDALS)