DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel prices in Iowa.  The price of natural gas fell 23 cents this week, currently at $1.74 per MMbtu.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $6.18 per barrel over last week, currently priced at $46.81.
• Brent crude oil fell $7.03 and currently priced at $51.84.
• One year ago, WTI crude sold for $56.94 and Brent crude was at $65.55.

Motor Fuels

• As of Thursday, February 27, the price of regular unleaded gasoline averaged $2.33 across Iowa according to AAA.
  • Prices rose $.05 from last week’s price and $.01 lower than one year ago.
  • The national average on Thursday was $2.47 up $.02 from last week’s price.
• Retail diesel prices in Iowa fell $.01 this week with a statewide average of $2.68.
  • One year ago, diesel prices averaged $2.87 in Iowa.
  • The current Iowa diesel price is $.19 less than the national average of $2.87.
• Wholesale ethanol prices fell $.10, currently at $1.26.
• The current Des Moines Terminal/Rack Prices are $1.63 for U87-E10, $1.86 for Unleaded 87 (clear), ULSD#2 is at $1.70, ULSD#1 is at $1.90, and E-70 priced at $1.48 per gallon.

Heating Fuels

• Propane prices were steady with a statewide average of $1.24 per gallon.
• Home heating oil prices fell $.02, with a statewide average of $2.19 per gallon.
• Natural Gas prices fell $.23 at the Henry Hub reporting site and currently priced at $1.74/MMbtu.

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

(contributed press release, IDALS)