DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and retail gasoline prices in Iowa were up 46 cents this week with a statewide average of $3.89.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $8.08 per barrel over last week, currently priced at $116.57.
• Brent crude oil rose $9.32 and currently priced at $119.75.
• One year ago, WTI crude sold for $64.01 and Brent crude was at $67.03.

Motor Fuels

• As of Wednesday, March 9, the price of regular unleaded gasoline averaged $3.89 across Iowa according to AAA.
  • Prices rose 46 cents from last week’s price and $1.12 higher than one year ago.
  • The national average on Wednesday was $4.25, up 57 cents from last week’s price.
• Retail diesel prices in Iowa were up 75 cents this week with a statewide average of $4.57.
  • One year ago, diesel prices averaged $3.05 in Iowa.
  • The current Iowa diesel price is 31 cents less than the national average of $4.88.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $3.18 for U87-E10, $3.53 for Unleaded 87 (clear), $4.32 for ULSD#2, $4.49 for ULSD#1, and $2.83 per gallon for E-70 prices.

Heating Fuels

• Propane prices were up $.11 with a statewide average of $2.14 per gallon.
• Home heating oil prices rose $.72, with a statewide average of $4.11 per gallon.
• Natural gas prices fell $.25 at the Henry Hub reporting site and are currently priced at $4.52/MMbtu.

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

(contributed press release, IDALS)