DES MOINES, Iowa—The weekly energy report from the Iowa Department of Agriculture and Land Stewardship showed that the price of global crude oil dropped $3.78, currently priced at $52.36 per barrel. Brent crude oil fell $4.63, currently priced at $57.40 per barrel.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.78 per barrel over last week, currently priced at $52.36.
- Brent crude oil fell $4.63, and it is currently priced at $57.40.
- One year ago, WTI crude sold for $75.23 and Brent crude was at $85.63.
Motor Fuels
- As of Tuesday, October 1, the price of regular unleaded gasoline averaged $2.46 across Iowa according to AAA.
- This is $.04 lower than last week and $.41 lower than one year ago.
- The national average on Tuesday was $2.66, holding steady at last week’s price.
- Retail diesel prices in Iowa were $.01 lower than last week’s price with a statewide average of $2.85.
- One year ago, diesel prices averaged $3.20 in Iowa.
- The current Iowa diesel price is $.16 less than the national average of $3.01.
- Wholesale ethanol prices rose $.02 from last week’s price, currently at $1.40.
- The current Des Moines Terminal/Rack Prices are $1.72 for U87-E10, $1.98 for Unleaded 87 (clear), ULSD#2 is at $1.99, ULSD#1 is at $2.24, and E-70 is priced at $1.69 per gallon.
Heating Fuels
- Natural Gas prices fell $.26 at the Henry Hub reporting site and currently priced at $2.26/MMbtu.
- Continuing throughout the summer months, we will only report retail-heating oil and propane prices in Iowa once a month.
(contributed press release, IDALS)
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