DES MOINES, Iowa—
The price of retail gasoline prices in Iowa dropped $.05, averaging $2.30 per gallon.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.53 per barrel over last week, currently priced at $53.40.
- Brent crude oil fell $3.39 and is currently priced at $59.96.
- One year ago, WTI crude sold for $53.31 and Brent crude was at $59.71.
Motor Fuels
- As of Wednesday, January 29, the price of regular unleaded gasoline averaged $2.30 across Iowa according to AAA.
- Prices fell $.05 from last week’s price and $.23 higher than one year ago.
- The national average on Wednesday was $2.50 down $.04 from last week’s price.
- Retail diesel prices in Iowa fell $.04 this week with a statewide average of $2.81.
- One year ago, diesel prices averaged $2.72 in Iowa.
- The current Iowa diesel price is $.15 less than the national average of $2.96.
- Wholesale ethanol prices rose $.04, currently at $1.37.
- The current Des Moines Terminal/Rack Prices are $1.56 for U87-E10, $1.76 for Unleaded 87 (clear), ULSD#2 is at $1.74, ULSD#1 is at $1.97, and E-70 is priced at $1.43 per gallon.
Heating Fuels
- Propane prices remain steady for a statewide average of $1.28 per gallon.
- Home heating oil prices fell $.05, with a statewide average of $2.28 per gallon.
- Natural Gas prices fell $.04 at the Henry Hub reporting site and currently priced at $1.87/MMbtu.
(contributed press release, IDALS
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