DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel Report and the price of regular unleaded gasoline fell 1 cent, averaging $2.76 across Iowa according to AAA. At the same time, as we enter the heating season and Natural Gas prices are starting to climb.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.44 per barrel over last week, currently priced at $71.62.
• Brent crude oil rose by $.97 and is currently priced at $74.58.
• One year ago, WTI crude sold for $71.89 and Brent crude was $77.69.

Motor Fuels

• As of Tuesday, the price of regular unleaded gasoline averaged $2.76 across Iowa according to AAA.
  • Prices fell 1 cent from last week’s price and are down 5 cents from a year ago.
  • The national average on Tuesday was $3.04, steady cent from last week’s price.
• Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $3.28.
  • One year ago, diesel prices averaged $3.68 in Iowa.
  • The current Iowa diesel price is 23 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 $1.91 for U87-E10, $2.07 for Unleaded 87 (clear), $2.22 for ULSD#2, $2.44 for ULSD#1, and $1.85 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up $.23 at the Henry Hub reporting site and are currently priced at $3.70/MMbtu.
• Propane prices averaged $1.56 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.89 per gallon.

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

(contributed press release, IDALS)