DES MOINES, Iowa—The weekly report on energy prices in Iowa by the Iowa Department of Agriculture and Land Stewardship shows increases in many categories including gasoline and diesel prices. The price of retail gasoline in Iowa rose $.08 this week, closing at $2.48 per gallon. Diesel prices in Iowa were $.06 higher, closing at $2.83 per gallon.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.76 per barrel over last week, currently priced at $58.04.
Brent crude oil rose $2.21, and it is currently priced at $63.45.
One year ago, WTI crude sold for $69.85 and Brent crude was at $79.25.
Motor Fuels
As of Tuesday, September 17, the price of regular unleaded gasoline averaged $2.48 across Iowa according to AAA. This is $.08 higher than last week and $.28 lower than one year ago. The national average on Tuesday was $2.65, $.08 higher than last week’s price.
Retail diesel prices in Iowa were $.06 higher than last week’s price with a statewide average of $2.83. One year ago, diesel prices averaged $3.13 in Iowa. The current Iowa diesel price is $.14 less than the national average of $2.97.
Wholesale ethanol prices rose $.06 from last week’s price, currently at $1.39.
The current Des Moines Terminal/Rack Prices are $1.77 for U87-E10, $2.08 for Unleaded 87 (clear), ULSD#2 is at $2.05, ULSD#1 is at $2.32, and E-70 is priced at $1.57 per gallon.
Heating Fuels
Natural Gas prices rose $.06 at the Henry Hub reporting site and currently priced at $2.63/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
(press release, IDALS)
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