DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship have released the Weekly Fuel report and once again,  the price of regular unleaded gasoline fell 5 cents, averaging $2.85 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.73 per barrel over last week, currently priced at $72.19.
• Brent crude oil rose by $3.11 and is currently priced at $75.53.
• One year ago, WTI crude sold for $81.54 and Brent crude was $87.31.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.85 across Iowa according to AAA.
  • Prices fell 5 cents from last week’s price and are down 24 cents from a year ago.
  • The national average on Wednesday was $3.11, down 3 cents from last week’s price.
• Retail diesel prices in Iowa fell 4 cents this week with a statewide average of $3.34.
  • One year ago, diesel prices averaged $4.42 in Iowa.
  • The current Iowa diesel price is 23 cents lower than the national average of $3.57.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.93 for U87-E10, $2.13 for Unleaded 87 (clear), $2.31 for ULSD#2, $2.59 for ULSD#1, and $1.82 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices fell 9 cents at the Henry Hub reporting site and are currently priced at $2.76/MMbtu.
• Propane prices averaged $1.53 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.81 per gallon.

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

(contributed press release, IDALS)