DES MOINES, Iowa—The weekly fuel report has been released by the Iowa Department of Agriculture and Land Stewardship. Retail diesel prices in Iowa were up 38 cents this week with a statewide average of $5.05.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.63 per barrel over last week, currently priced at $87.47.
- Brent crude oil fell $1.13 and currently priced at $92.58.
- One year ago, WTI crude sold for $80.64 and Brent crude was at $83.53.
Motor Fuels
- As of Wednesday, October 12, the price of regular unleaded gasoline averaged $3.71 across Iowa according to AAA.
- Prices rose 2 cents from last week’s price and $.64 higher than one year ago.
- The national average on Wednesday was $3.92 up 9 cents from last week’s price.
- Retail diesel prices in Iowa were up 38 cents this week with a statewide average of $5.05.
- One year ago, diesel prices averaged $3.30 in Iowa.
- The current Iowa diesel price is 11 cents less than the national average of $5.16.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.57 for U87-E10, $3.09 for Unleaded 87 (clear), $4.10 for ULSD#2, $4.41 for ULSD#1, and $2.69 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices fell $.35 at the Henry Hub reporting site and are currently priced at $6.58/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)
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