DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel Report. The price of regular unleaded gasoline rose 6 cents, averaging $2.95 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.26 per barrel over last week, currently priced at $73.29.
• Brent crude oil fell by $1.95 and is currently priced at $77.13.
• One year ago, WTI crude sold for $77.25 and Brent crude was $83.99.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.95 across Iowa according to AAA.
  • Prices rose 6 cents from last week’s price and are up 19 cents from a year ago.
  • The national average on Wednesday was $3.12, down 1cent from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.42.
  • One year ago, diesel prices averaged $3.57 in Iowa.
  • The current Iowa diesel price is 25 cents lower than the national average of $3.67.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.08 for U87-E10, $2.25 for Unleaded 87 (clear), $2.33 for ULSD#2, $2.57 for ULSD#1, and $1.93 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down $.77 at the Henry Hub reporting site and are currently priced at $3.12/MMbtu.
• Propane prices averaged $1.68 per gallon in Iowa.
• Home heating oil prices had a statewide average of $3.03 per gallon.

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

(contributed press release, IDALS)