DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship released the weekly fuel price report. An earlier release has some outdated information included, but the errors have been corrected. This week the price of regular unleaded gasoline rose 8 cents, averaging $3.14 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.35 per barrel and is currently priced at $78.83.
- Brent crude oil fell $1.46 and is currently priced at $82.56.
- One year ago, WTI crude sold for $80.46 and Brent crude was at $85.86.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.14 across Iowa according to AAA.
- Prices rose 8 cents from last week’s price and are down 3 cents from a year ago.
- The national average on Wednesday was $3.39, up 10 cents from last week’s price.
- Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.77.
- One year ago, diesel prices averaged $3.94 in Iowa.
- The current Iowa diesel price is 29 cents lower than the national average of $4.06.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.29 for U87-E10, $2.59 for Unleaded 87 (clear), $2.62 for ULSD#2, $2.90 for ULSD#1, and $1.87 per gallon for E-70 prices.
Heating Fuels
- Propane prices averaged $1.59 per gallon statewide.
- Home heating oil prices averaged $3.14 per gallon statewide.
- Natural gas prices rose 7 cents at the Henry Hub reporting site and are currently priced at $1.93/MMbtu
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
(contributed press release, IDALS)
