DES MOINES, Iowa—The weekly fuel report, released earlier this week by the Iowa Department of Agriculture and Land Stewardship, shows an increase in gasoline. The price of regular unleaded gasoline rose 14 cents, averaging $3.31 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.87 per barrel over last week, currently priced at $81.98.
• Brent crude oil rose $2.68 and is currently priced at $86.15.
• One year ago, WTI crude sold for $67.64 and Brent crude was at $72.42.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.31 across Iowa according to AAA.
  • Prices rose 14 cents from last week’s price and are up 12 cents from a year ago.
  • The national average on Wednesday was $3.52, up 12 cents from last week’s price.
• Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $3.79.
  • One year ago, diesel prices averaged $3.90 in Iowa.
  • The current Iowa diesel price is 26 cents lower than the national average of $4.05.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.45 for U87-E10, $2.77 for Unleaded 87 (clear), $2.80 for ULSD#2, $3.07 for ULSD#1, and $1.98 per gallon for E-70 prices.

Heating Fuels

• Propane prices averaged $1.59 per gallon statewide.
• Home heating oil prices averaged $3.20 per gallon statewide.
• Natural gas prices rose 2 cents at the Henry Hub reporting site and are currently priced at $1.70/MMbtu

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

(contributed press release, IDALS)