DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel Report and the price of regular unleaded gasoline rose 4 cents, averaging $2.74 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.71 per barrel over last week, currently priced at $70.74.
• Brent crude oil rose by $.25 and is currently priced at $73.64.
• One year ago, WTI crude sold for $72.16 and Brent crude was $78.89.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.74 across Iowa according to AAA.
  • Prices rose 4 cents from last week’s price and are down 2 cents from a year ago.
  • The national average on Wednesday was $3.03, up 1 cent from last week’s price.
• Retail diesel prices in Iowa rose 4 cents this week with a statewide average of $3.29.
  • One year ago, diesel prices averaged $3.74 in Iowa.
  • The current Iowa diesel price is 22 cents lower than the national average of $3.51.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.88 for U87-E10, $2.08 for Unleaded 87 (clear), $2.16 for ULSD#2, $2.40 for ULSD#1, and $1.80 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices held steady at the Henry Hub reporting site and are currently priced at $3.38/MMbtu.
• Propane prices averaged $1.56 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.88 per gallon.

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

(contributed press release, IDALS)