DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report. The price of regular unleaded gasoline rose 3 cents, averaging $3.01 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.13 per barrel over last week, currently priced at $70.49.
• Brent crude oil fell by $1.84 and is currently priced at $74.23.
• One year ago, WTI crude sold for $86.65 and Brent crude was $90.99.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.01 across Iowa according to AAA.
  • Prices rose 3 cents from last week’s price and are down 28 cents from a year ago.
  • The national average on Wednesday was $3.20, down 1 cent from last week’s price.
• Retail diesel prices in Iowa rose 6 cents this week with a statewide average of $3.44.
  • One year ago, diesel prices averaged $4.23 in Iowa.
  • The current Iowa diesel price is 17 cents lower than the national average of $3.61.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.05 for U87-E10, $2.36 for Unleaded 87 (clear), $2.31 for ULSD#2, $2.60 for ULSD#1, and $1.83 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices fell 25 cents at the Henry Hub reporting site and are currently priced at $2.41/MMbtu.
• Propane prices averaged $1.54 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.96 per gallon.

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

(contributed press release, IDALS)