DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report. Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.98.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.97 per barrel over last week, currently priced at $81.12.
• Brent crude oil fell $3.77 and currently priced at $88.65.
• One year ago, WTI crude sold for $76.75 and Brent crude was at $80.97.

Motor Fuels

• As of Tuesday, November 22, the price of regular unleaded gasoline averaged $3.38 across Iowa according to AAA.
  • Prices fell 12 cents from last week’s price and $.23 higher than one year ago.
  • The national average on Wednesday was $3.64 down 10 cents from last week’s price.
• Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.98.
  • One year ago, diesel prices averaged $3.45 in Iowa.
  • The current Iowa diesel price is 31 cents less than the national average of $5.29.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.04 for U87-E10, $2.38 for Unleaded 87 (clear), $3.42 for ULSD#2, $4.72 for ULSD#1, and $2.47 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 81 cents at the Henry Hub reporting site and are currently priced at $6.65/MMbtu

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.

(contributed press release, IDALS)