DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and once again, the price of regular unleaded gasoline fell 3 cents, averaging $3.11 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $5.38 per barrel and is currently priced at $69.88.
• Brent crude oil fell by $5.82 and is currently priced at $73.38.
• One year ago, WTI crude sold for $86.69 and Brent crude was at $90.42.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.11 across Iowa according to AAA.
  • Prices fell 3 cents from last week’s price and are down 45 cents from a year ago.
  • The national average on Wednesday was $3.32, down 4 cents from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.44.
  • One year ago, diesel prices averaged $4.27 in Iowa.
  • The current Iowa diesel price is 25 cents lower than the national average of $3.69.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.04 for U87-E10, $2.33 for Unleaded 87 (clear), $2.33 for ULSD#2, $2.59 for ULSD#1, and $2.03 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 7 cents at the Henry Hub reporting site and are currently priced at $2.19/MMbtu.
• Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

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

(contributed press release, IDALS)