DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report. The price of regular unleaded gasoline rose 12 cents, averaging $4.35 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $5.53 per barrel over last week, currently priced at $116.35.
• Brent crude oil rose $2.87 and currently priced at $117.49.
• One year ago, WTI crude sold for $63.58 and Brent crude was at $70.03.

Motor Fuels

• As of Wednesday, June 1, the price of regular unleaded gasoline averaged $4.35 across Iowa according to AAA.
  • Prices rose 12 cents from last week’s price and $1.47 higher than one year ago.
  • The national average on Wednesday was $4.67, up 7 cents from last week’s price.
• Retail diesel prices in Iowa were down 3 cents this week with a statewide average of $5.17.
  • One year ago, diesel prices averaged $3.05 in Iowa.
  • The current Iowa diesel price is 37 cents less than the national average of $5.54.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $3.61 for U87-E10, $4.07 for Unleaded 87 (clear), $4.06 for ULSD#2, $4.21 for ULSD#1, and $3.16 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices fell 90 cents at the Henry Hub reporting site and are currently priced at $8.33/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)