DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and the price of gasoline jumped in the past week. The price of regular unleaded gasoline rose 11 cents, averaging $3.33 across Iowa according to AAA. 

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.73 per barrel, currently priced at $81.01.
• Brent crude oil fell $.49 and is currently priced at $86.78.
• One year ago, WTI crude sold for $85.60 and Brent crude was at $89.49.

Motor Fuels

• As of Wednesday, January 25, the price of regular unleaded gasoline averaged $3.33 across Iowa according to AAA.
  • Prices rose 11 cents from last week’s price and 18 cents higher than one year ago. 
  • The national average on Wednesday was $3.48, up 12 cents from last week’s price.
• Retail diesel prices in Iowa were up 9 cents this week with a statewide average of $4.30.
  • One year ago, diesel prices averaged $3.48 in Iowa. 
  • The current Iowa diesel price is 36 cents less than the national average of $4.66.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.58 for U87-E10, $2.96 for Unleaded 87 (clear), $3.28 for ULSD#2, $4.01 for ULSD#1, and $2.42 per gallon for E-70 prices.

Heating Fuels

• Propane prices were steady with a statewide average of $1.94 per gallon.
• Home heating oil prices rose 17 cents, with a statewide average of $3.77 per gallon.
• Natural gas prices fell $.41 at the Henry Hub reporting site and are currently priced at $2.96/MMbtu

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

(contributed press release, IDALS)