DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the latest weekly fuel report and again the price of regular unleaded gasoline fell 6 cents, averaging $2.90 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.86 per barrel over last week, currently priced at $68.46.
• Brent crude oil fell by $3.16 and is currently priced at $72.42.
• One year ago, WTI crude sold for $83.03 and Brent crude was $90.73.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.90 across Iowa according to AAA.
  • Prices fell 6 cents from last week’s price and are down 31 cents from a year ago.
  • The national average on Wednesday was $3.14, down 2 cents from last week’s price.
• Retail diesel prices in Iowa fell 5 cents this week with a statewide average of $3.38.
  • One year ago, diesel prices averaged $4.56 in Iowa.
  • The current Iowa diesel price is 17 cents lower than the national average of $3.58.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.91 for U87-E10, $2.13 for Unleaded 87 (clear), $2.14 for ULSD#2, $2.44 for ULSD#1, and $1.79 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 54 cents at the Henry Hub reporting site and are currently priced at $2.85/MMbtu.
• Propane prices averaged $1.54 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.86 per gallon.

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

(contributed press release, IDALS)