DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report which saw a slight increase in the price of natural gas. Prices rose 3 cents at the Henry Hub reporting site and are currently priced at $3.97/MMbtu.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.52 per barrel over last week, currently priced at $71.79.
- Brent crude oil rose $2.35 and currently priced at $74.50.
- One year ago, WTI crude sold for $41.04 and Brent crude was at $43.11.
Motor Fuels
- As of Wednesday, July 28, the price of regular unleaded gasoline averaged $3.00 across Iowa according to AAA.
- Prices were steady from last week’s price and $.94 higher than one year ago.
- The national average on Wednesday was $3.16, steady from last week’s price.
- Retail diesel prices in Iowa were steady this week with a statewide average of $3.12.
- One year ago, diesel prices averaged $2.22 in Iowa.
- The current Iowa diesel price is 15 cents less than the national average of $3.27.
- Wholesale ethanol held steady and is currently priced at $2.32.
- The current Des Moines Terminal/Rack Prices are $2.18 for U87-E10, $2.51 for Unleaded 87 (clear), $2.24 for ULSD#2, $2.40 for ULSD#1, and $2.29 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices rose 3 cents at the Henry Hub reporting site and are currently priced at $3.97/MMbtu.
- Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
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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