DES MOINES, Iowa—The price of oil dropped in the past week and that brought all energy numbers down. The average price of gasoline in Iowa fell 18 cents this week, currently at $2.00 per gallon.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $10.45 per barrel over last week, currently priced at $22.97.
- Brent crude oil fell $10.15 and currently priced at $26.11.
- One year ago, WTI crude sold for $59.73 and Brent crude was at $68.24.
Motor Fuels
- As of Wednesday, March 18, the price of regular unleaded gasoline averaged $2.00 across Iowa according to AAA.
- Prices fell $.18 from last week’s price and $.54 lower than one year ago.
- The national average on Thursday was $2.22 down $.13 from last week’s price.
- Retail diesel prices in Iowa fell $.10 this week with a statewide average of $2.50.
- One year ago, diesel prices averaged $2.91 in Iowa.
- The current Iowa diesel price is $.22 less than the national average of $2.72.
- Wholesale ethanol prices fell $.28, currently at $0.96.
- The current Des Moines Terminal/Rack Prices are $0.67 for U87-E10, $0.92 for Unleaded 87 (clear), ULSD#2 is at $1.12, ULSD#1 is at $1.23, and E-70 priced at $1.04 per gallon.
Heating Fuels
- Propane prices fell $.04 with a statewide average of $1.18 per gallon.
- Home heating oil prices fell $.01, with a statewide average of $1.89 per gallon.
- Natural Gas prices fell $.34 at the Henry Hub reporting site and currently priced at $1.61/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
(contributed press release, IDALS)
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