DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship monitors and reports on the weekly fuel prices and this week the price of regular unleaded gasoline was up 5 cents this week, averaging $3.14 across Iowa.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.91 per barrel over last week, currently priced at $81.78.
• Brent crude oil rose $1.55 and currently priced at $84.18.
• One year ago, WTI crude sold for $41.46 and Brent crude was at $41.62.

Motor Fuels

• As of Wednesday, October 20, the price of regular unleaded gasoline averaged $3.14 across Iowa according to AAA.
  • Prices were up 5 cents from last week’s price and $1.10 higher than one year ago.
  • The national average on Wednesday was $3.36, up 7 cents from last week’s price.
• Retail diesel prices in Iowa were up 9 cents this week with a statewide average of $3.41.
  • One year ago, diesel prices averaged $2.18 in Iowa.
  • The current Iowa diesel price is 16 cents less than the national average of $3.57.
• Wholesale ethanol was steady and is currently priced at $2.21.
• The current Des Moines Terminal/Rack Prices are $2.33 for U87-E10, $2.54 for Unleaded 87 (clear), $2.57 for ULSD#2, $2.82 for ULSD#1, and $2.63 per gallon for E-70 prices.

Heating Fuels

• Propane prices were up 1 cent with a statewide average of $2.01 per gallon.
• Home heating oil prices fell 1 cent, with a statewide average of $3.04 per gallon.
• Natural gas prices fell 34 cents at the Henry Hub reporting site and are currently priced at $5.08/MMbtu.

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

(contributed press release, IDALS)