DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the latest fuel report. The price of regular unleaded gasoline fell 5 cents, averaging $2.70 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.43 per barrel over last week, currently priced at $69.90.
• Brent crude oil fell by $.06 and is currently priced at $73.52.
• One year ago, WTI crude sold for $72.73 and Brent crude was $78.16.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.70 across Iowa according to AAA.
  • Prices fell 5 cents from last week’s price and are down 18 cents from a year ago.
  • The national average on Wednesday was $3.03, down 4 cents from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.28.
  • One year ago, diesel prices averaged $4.00 in Iowa.
  • The current Iowa diesel price is 26 cents lower than the national average of $3.54.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.80 for U87-E10, $2.01 for Unleaded 87 (clear), $2.15 for ULSD#2, $2.37 for ULSD#1, and $1.77 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices fell 48 cents at the Henry Hub reporting site and are currently priced at $2.99/MMbtu.
• Propane prices averaged $1.55 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.90 per gallon.

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

(contributed press release, IDALS)