DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and the price of regular unleaded gasoline fell 22 cents, averaging $4.24 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $6.11 per barrel over last week, currently priced at $102.50.
• Brent crude oil rose $5.78 and currently priced at $105.51.
• One year ago, WTI crude sold for $67.42 and Brent crude was at $70.03

Motor Fuels

• As of Wednesday, July 20, the price of regular unleaded gasoline averaged $4.24 across Iowa according to AAA.
  • Prices fell 22 cents from last week’s price and $1.25 higher than one year ago.
  • The national average on Wednesday was $4.47, down 16 cents from last week’s price.
• Retail diesel prices in Iowa were down 11 cents this week with a statewide average of $5.16.
  • One year ago, diesel prices averaged $3.12 in Iowa.
  • The current Iowa diesel price is 34 cents less than the national average of $5.50.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.92 for U87-E10, $3.42 for Unleaded 87 (clear), $3.84 for ULSD#2, $4.11 for ULSD#1, and $2.83 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose $1.25 at the Henry Hub reporting site and are currently priced at $7.96/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.