DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report. After several weeks of decline, the price of regular unleaded gasoline rose 7 cents, averaging $3.04 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.10 per barrel and is currently priced at $69.59.
• Brent crude oil rose by $.21 and is currently priced at $73.35.
• One year ago, WTI crude sold for $89.68 and Brent crude was at $94.01.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.04 across Iowa according to AAA.
  • Prices rose 7 cents from last week’s price and are down 67 cents from a year ago.
  • The national average on Wednesday was $3.21, down 1 cent from last week’s price.
• Retail diesel prices in Iowa held steady this week with a statewide average of $3.34.
  • One year ago, diesel prices averaged $4.32 in Iowa.
  • The current Iowa diesel price is 25 cents lower than the national average of $3.59.
• ​​​​​​​Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.12 for U87-E10, $2.38 for Unleaded 87 (clear), $2.31 for ULSD#2, $2.57 for ULSD#1, and $1.90 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 52 cents at the Henry Hub reporting site and are currently priced at $2.83/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)