DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and he price of regular unleaded gasoline continued to drop but at a slower rate. The price of regular unleaded gasoline fell 3 cents, averaging $3.59 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.64 per barrel over last week, currently priced at $88.03.
• Brent crude oil fell $3.74 and currently priced at $93.44.
• One year ago, WTI crude sold for $66.59 and Brent crude was at $69.40.

Motor Fuels

• As of Wednesday, August 17, the price of regular unleaded gasoline averaged $3.59 across Iowa according to AAA.
  • Prices fell 3 cents from last week’s price and $.59 higher than one year ago.
  • The national average on Wednesday was $3.94, down 7 cents from last week’s price.
• Retail diesel prices in Iowa were down 4 cents this week with a statewide average of $4.71.
  • One year ago, diesel prices averaged $3.13 in Iowa.
  • The current Iowa diesel price is 30 cents less than the national average of $5.01.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.69 for U87-E10, $3.12 for Unleaded 87 (clear), $3.62 for ULSD#2, $3.88 for ULSD#1, and $2.67 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose $1.00 at the Henry Hub reporting site and are currently priced at $9.26/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)