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 2 cents, averaging $2.77 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.24 per barrel over last week, currently priced at $72.01.
• Brent crude oil fell $.55 and is currently priced at $77.27.
• One year ago, WTI crude sold for $75.12 and Brent crude was at $78.40.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.77 across Iowa according to AAA.
  • Prices fell 2 cents from last week’s price and are down 39 cents from a year ago.
  • The national average on Wednesday was $3.08, down 1 cent from last week’s price.
• Retail diesel prices in Iowa fell 5 cents this week with a statewide average of $3.60.
  • One year ago, diesel prices averaged $4.21 in Iowa.
  • The current Iowa diesel price is 35 cents lower than the national average of $3.95.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.80 for U87-E10, $2.12 for Unleaded 87 (clear), $2.48 for ULSD#2, $2.72 for ULSD#1, and $1.78 per gallon for E-70 prices.

Heating Fuels

• Propane prices averaged $1.57 per gallon statewide.
• Home heating oil prices averaged $3.02 per gallon statewide.
• Natural gas prices rose 35 cents at the Henry Hub reporting site and are currently priced at $3.02/MMbtu

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

(contributed press release, IDALS)