DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the updated weekly fuel report and this week the price of regular unleaded gasoline fell 5 cents, averaging $2.82 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.52 per barrel and is currently priced at $69.65.
• Brent crude oil fell $.91 and is currently priced at $74.30.
• One year ago, WTI crude sold for $75.39 and Brent crude was at $80.14.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.82 across Iowa according to AAA.
  • Prices fell 5 cents from last week’s price and are down 9 cents from a year ago.
  • The national average on Wednesday was $3.12, down 10 cents from last week’s price.
• Retail diesel prices in Iowa fell 12 cents this week with a statewide average of $3.85.
  • One year ago, diesel prices averaged $4.51 in Iowa.
  • The current Iowa diesel price is 23 cents lower than the national average of $4.08.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.78 for U87-E10, $2.00 for Unleaded 87 (clear), $2.35 for ULSD#2, $2.68 for ULSD#1, and $1.82 per gallon for E-70 prices.

Heating Fuels

• Propane prices fell 1 cent with a statewide average of $1.55 per gallon.
• Home heating oil prices fell 19 cents, with a statewide average of $3.13 per gallon.
• Natural gas prices fell 33 cents at the Henry Hub reporting site and are currently priced at $2.34/MMbtu

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

(contributed press release)