DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel report and there’s another decline in the price of gasoline. The price of regular unleaded gasoline fell 5 cents, averaging $2.99 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.49 per barrel over last week, currently priced at $70.08.
• Brent crude oil rose by $.41 and is currently priced at $73.76.
• One year ago, WTI crude sold for $88.81 and Brent crude was at $91.21.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.99 across Iowa according to AAA.
  • Prices fell 5 cents from last week’s price and are down 55 cents from a year ago.
  • The national average on Wednesday was $3.20, down 1 cent from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.32.
  • One year ago, diesel prices averaged $4.30 in Iowa.
  • The current Iowa diesel price is 25 cents lower than the national average of $3.57.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.00 for U87-E10, $2.24 for Unleaded 87 (clear), $2.29 for ULSD#2, $2.57 for ULSD#1, and $1.89 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 13 cents at the Henry Hub reporting site and are currently priced at $2.96/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)