DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and the gasoline price continues it’s decline. The price of regular unleaded gasoline fell 15 cents, averaging $3.07 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $7.71 per barrel over last week, currently priced at $72.59
• Brent crude oil fell $7.33 and currently priced at $77.97.
• One year ago, WTI crude sold for $72.95 and Brent crude was at $75.54.

Motor Fuels

• As of Wednesday, December 7, the price of regular unleaded gasoline averaged $3.07 across Iowa according to AAA.
  • Prices fell 15 cents from last week’s price and equal to one year ago.
  • The national average on Wednesday was $3.36 down 14 cents from last week’s price.
• Retail diesel prices in Iowa were down 15 cents this week with a statewide average of $4.70.
  • One year ago, diesel prices averaged $3.36 in Iowa.
  • The current Iowa diesel price is 33 cents less than the national average of $5.03.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.88 for U87-E10, $2.18 for Unleaded 87 (clear), $2.71 for ULSD#2, $3.99 for ULSD#1, and $2.24 per gallon for E-70 prices.

Heating Fuels

• Propane prices rose 1 cent with a statewide average of $1.94 per gallon.
• Home heating oil prices rose 5 cents, with a statewide average of $4.11 per gallon.
• Natural gas prices fell $1.49 at the Henry Hub reporting site and are currently priced at $5.49/MMbtu.

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

(contributed press release, IDALS)