DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship released the weekly fuel report and gasoline prices continued to drop. The price of regular unleaded gasoline fell 7 cents, averaging $3.19 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.28 per barrel over last week, currently priced at $74.83.
• Brent crude oil fell $3.19 and is currently priced at $81.47.
• One year ago, WTI crude sold for $92.35 and Brent crude was at $98.73.

Motor Fuels

• As of Wednesday, February 22, the price of regular unleaded gasoline averaged $3.19 across Iowa according to AAA.
  • Prices fell 7 cents from last week’s price and 13 cents lower than one year ago.
  • The national average on Wednesday was $3.40 down 2 cents from last week’s price.
• Retail diesel prices in Iowa were down 8 cents this week with a statewide average of $4.06.
  • One year ago, diesel prices averaged $3.72 in Iowa.
  • The current Iowa diesel price is 42 cents less than the national average of $4.48.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.32 for U87-E10, $2.64 for Unleaded 87 (clear), $2.85 for ULSD#2, $3.36 for ULSD#1, and $2.33 per gallon for E-70 prices.

Heating Fuels

• Propane prices rose 1 cent with a statewide average of $1.95 per gallon.
• Home heating oil prices fell 12 cents, with a statewide average of $3.41 per gallon.
• Natural gas prices fell 19 cents at the Henry Hub reporting site and are currently priced at $2.33/MMbtu.

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

(contributed press release, IDALS)