DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel report and again, the price of regular unleaded gasoline fell 9 cents, averaging $2.97 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.87 per barrel over last week, currently priced at $70.69.
• Brent crude oil rose by $3.91 and is currently priced at $73.14.
• One year ago, WTI crude sold for $91.48 and Brent crude was at $95.95.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.97 across Iowa according to AAA.
  • Prices fell 9 cents from last week’s price and are down 87 cents from a year ago.
  • The national average on Wednesday was $3.22, down 3 cents from last week’s price.
• Retail diesel prices in Iowa fell 5 cents this week with a statewide average of $3.34.
  • One year ago, diesel prices averaged $4.34 in Iowa.
  • The current Iowa diesel price is 26 cents lower than the national average of $3.60.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.10 for U87-E10, $2.37 for Unleaded 87 (clear), $2.27 for ULSD#2, $2.53 for ULSD#1, and $1.93 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices fell 1 cent at the Henry Hub reporting site and are currently priced at $2.31/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)