DES MOINES, Iowa—The Weekly Fuel report was released by the Iowa Department of Agriculture and Land Stewardship, Wednesday afternoon. The price of regular unleaded gasoline rose 3 cents, averaging $4.15 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.59 per barrel over last week, currently priced at $110.43.
• Brent crude oil rose $2.08 and currently priced at $109.96.
• One year ago, WTI crude sold for $65.49 and Brent crude was at $69.01.

Motor Fuels

• As of Wednesday, May 18, the price of regular unleaded gasoline averaged $4.15 across Iowa according to AAA.
  • Prices rose 3 cents from last week’s price and $1.25 higher than one year ago.
  • The national average on Wednesday was $4.57, up 17 cents from last week’s price.
• Retail diesel prices in Iowa were down 4 cents this week with a statewide average of $5.26.
  • One year ago, diesel prices averaged $3.06 in Iowa.
  • The current Iowa diesel price is 32 cents less than the national average of $5.58.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $3.36 for U87-E10, $3.82 for Unleaded 87 (clear), $3.90 for ULSD#2, $4.05 for ULSD#1, and $3.08 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 72 cents at the Henry Hub reporting site and are currently priced at $8.26/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)