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Weekly Fuel Report, Gasoline Up

KWBG 09/14/22

DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the latest weekly fuel report which sawt the price of regular unleaded gasoline rise 3 cents, averaging $3.46 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $7.29 per barrel over last week, currently priced at $89.80.
  • Brent crude oil rose $6.85 and currently priced at $95.50.
  • One year ago, WTI crude sold for $70.46 and Brent crude was at $73.05.


Motor Fuels

  • As of Wednesday, September 14, the price of regular unleaded gasoline averaged $3.46 across Iowa according to AAA.
    • Prices rose 3 cents from last week’s price and $.46 higher than one year ago.
    • The national average on Wednesday was $3.70 down 6 cents from last week’s price.
  • Retail diesel prices in Iowa were down 5 cents this week with a statewide average of $4.86.
    • One year ago, diesel prices averaged $3.10 in Iowa.
    • The current Iowa diesel price is 14 cents less than the national average of $5.00.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.61 for U87-E10, $3.15 for Unleaded 87 (clear), $3.64 for ULSD#2, $3.93 for ULSD#1, and $2.77 per gallon for E-70 prices.


Heating Fuels

  • Natural gas prices rose $.96 at the Henry Hub reporting site and are currently priced at $8.81/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.

 

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