DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel Report and the Labor Day Holiday seemed to trigger an increase in the price of gasoline. The price of regular unleaded gasoline rose 10 cents from last week’s price and is currently averaging $2.94 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil remained unchanged this week on the West Texas Intermediate (WTI), and is currently priced at $64.03.
- Brent crude oil rose by 10 cents and is currently priced at $67.74.
- One year ago, WTI crude sold for $66.73 and Brent crude was $70.34.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.94 across Iowa according to AAA.
- Prices rose 10 cents from last week’s price and are down 13 cents from a year ago.
- The national average on Wednesday was $3.19, unchanged from last week’s price.
- Retail diesel prices in Iowa rose 3 cents this week with a statewide average of $3.54.
- One year ago, diesel prices averaged $3.40 in Iowa.
- The current Iowa diesel price is 17 cents lower than the national average of $3.71.
- The current Des Moines Terminal/Rack Prices are $2.05 for U87-E10, $2.33 for Unleaded 87 (clear), $2.43 for ULSD#2, $2.76 for ULSD#1, and $2.10 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were down 3 cents at the Henry Hub reporting site and are currently priced at $3.04 MMbtu.
- We will continue reporting retail heating oil and propane prices in Iowa in October.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
(contributed press release, IDALS)
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