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 3 cents, averaging $3.56 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $6.91 per barrel over last week, currently priced at $94.94.
• Brent crude oil rose $7.85 and currently priced at $101.29.
• One year ago, WTI crude sold for $67.54 and Brent crude was at $71.21.

Motor Fuels

• As of Wednesday, August 24, the price of regular unleaded gasoline averaged $3.56 across Iowa according to AAA.
  • Prices fell 3 cents from last week’s price and $.57 higher than one year ago.
  • The national average on Wednesday was $3.88, down 6 cents from last week’s price.
• Retail diesel prices in Iowa were up 1 cent this week with a statewide average of $4.72.
  • One year ago, diesel prices averaged $3.15 in Iowa.
  • The current Iowa diesel price is 26 cents less than the national average of $4.98.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.64 for U87-E10, $3.02 for Unleaded 87 (clear), $3.95 for ULSD#2, $4.21 for ULSD#1, and $2.78 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose $.01 at the Henry Hub reporting site and are currently priced at $9.27/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)