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 7 cents, averaging $2.91 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.76 per barrel over last week, currently priced at $67.27.
• Brent crude oil rose by $.86 and is currently priced at $70.46.
• One year ago, WTI crude sold for $78.51 and Brent crude was $83.66.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.91 across Iowa according to AAA.
  • Prices fell 7 cents from last week’s price and are down 23 cents from a year ago.
  • The national average on Wednesday was $3.08, down 3 cents from last week’s price.
• Retail diesel prices in Iowa fell 6 cents this week with a statewide average of $3.35.
  • One year ago, diesel prices averaged $3.76 in Iowa.
  • The current Iowa diesel price is 28 cents lower than the national average of $3.63.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.01 for U87-E10, $2.20 for Unleaded 87 (clear), $2.26 for ULSD#2, $2.52 for ULSD#1, and $1.86 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down $.15 at the Henry Hub reporting site and are currently priced at $4.19 MMbtu.
• Propane prices averaged $1.65 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.98 per gallon.

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

(contributed press release, IDALS)