DES MOINES, Iowa—The weekly fuel report from the Iowa Department of Agriculture and Land Stewardship shows there were declines in fuel prices in the past week. Propane prices fell 9 cents with a statewide average of $1.55 per gallon.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $4.66 per barrel over last week, currently priced at $59.73.
• Brent crude oil fell $5.12 and currently priced at $62.73.
• One year ago, WTI crude sold for $24.01 and Brent crude was at $24.50.

Motor Fuels

• As of Wednesday, March 24, the price of regular unleaded gasoline averaged $2.80 across Iowa according to AAA.
  • Prices were down 1 cent from last week’s price and 90 cents higher than one year ago.
  • The national average on Wednesday was $2.87, down 1 cent from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.11.
  • One year ago, diesel prices averaged $2.43 in Iowa.
  • The current Iowa diesel price is 1 cent more than the national average of $3.10.
• Wholesale ethanol held steady and is currently priced at $1.80.
• The current Des Moines Terminal/Rack Prices are $1.83 for U87-E10, $2.05 for Unleaded 87 (clear), $1.89 for ULSD#2, $2.04 for ULSD#1, and $1.92 per gallon for E-70 prices.

Heating Fuels

• Propane prices fell 9 cents with a statewide average of $1.55 per gallon.
• Home heating oil fell 9 cents from last week, ending with a statewide average of $2.57 per gallon.
• Natural gas prices held steady at the Henry Hub reporting site and are currently priced at $2.54/MMbtu.

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

(contributed press release, IDALS)