DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship reported that gasoline prices continued a slow climb in the past week. The average price of gasoline in Iowa rose 5 cents this week, currently at $1.81 per gallon.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $6.94 per barrel over last week, currently priced at $33.31.
- Brent crude oil rose $5.25 and currently priced at $35.67.
- One year ago, WTI crude sold for $63.10 and Brent crude was at $73.21.
Motor Fuels
- As of Wednesday, May 20, the price of regular unleaded gasoline averaged $1.81 across Iowa according to AAA.
- Prices rose $.05 from last week’s price and $.84 lower than one year ago.
- The national average on Wednesday was $1.91 up $.04 from last week’s price.
- Retail diesel prices in Iowa fell $.01 this week with a statewide average of $2.14.
- One year ago, diesel prices averaged $2.99 in Iowa.
- The current Iowa diesel price is $.27 less than the national average of $2.41.
- Wholesale ethanol prices rose $.02, currently at $1.09.
- The current Des Moines Terminal/Rack Prices are $1.10 for U87-E10, $1.18 for Unleaded 87 (clear), ULSD#2 is at $.99, ULSD#1 is at $1.14, and E-70 priced at $1.20 per gallon.
Heating Fuels
- Natural Gas prices rose $.08 at the Henry Hub reporting site and currently priced at $1.78/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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