DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship monitors fuel prices in Iowa and reported an increase in the past week.
Retail gasoline prices in Iowa rose $.05 this week, closing at $2.13 per gallon.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.15 per barrel over last week, currently priced at $54.12.
Brent crude oil rose $1.07, and it is currently priced at $63.59.
One year ago, WTI crude sold for $59.19 and Brent crude was at $61.94.
Motor Fuels
As of Tuesday, February 12, the price of regular unleaded gasoline averaged $2.13 across Iowa according to AAA. This is $.05 higher than last week and $.46 lower than one year ago. The national average on Tuesday was $2.27, down $.01 from last week’s price.
Retail diesel fuel prices in Iowa rose a penny from last week’s price with a statewide average of $2.74. One year ago, diesel prices averaged $2.99 in Iowa. The current Iowa diesel price is $.18 less than the national average of $2.92.
Wholesale ethanol prices rose $.02 from last week’s price, currently at $1.33.
Heating Fuels
Propane prices were the same as last week for a statewide average of $1.32 per gallon. Home heating oil was up $.03 from last week’s figures, ending with a statewide average of $2.28. Natural Gas prices fell $.10 at the Henry Hub reporting site and currently priced at $2.58/MMbtu.
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