DES MOINES, Iowa—The Weekly Fuel Report, released by the Iowa Department of Agriculture and Land Stewardship, shows the price of regular unleaded gasoline rose 7 cents from last week’s price and is currently averaging $4.30 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.47 per barrel, and is currently priced at $88.93.
- Brent crude oil fell by $2.92 and is currently priced at $100.81.
- One year ago, WTI crude sold for $62.52 and Brent crude was $67.10.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $4.30 across Iowa according to AAA.
- Prices rose 7 cents from last week’s price and are up $1.51 from a year ago.
- The national average on Wednesday was $4.37, down 6 cents from last week’s price.
- Retail diesel prices in Iowa fell 9 cents this week with a statewide average of $6.04.
- One year ago, diesel prices averaged $3.44 in Iowa.
- The current Iowa diesel price is 26 cents lower than the national average of $6.30.
- The current Des Moines Terminal/Rack Prices are $3.29 for U87-E10, $4.04 for Unleaded 87 (clear), $4.77 for ULSD#2, $5.09 for ULSD#1, and $2.63 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were up 20 cents at the Henry Hub reporting site and are currently priced at $3.21 MMbtu.
- Propane prices averaged $1.59 per gallon in Iowa. Last year the price averaged $1.57 per gallon for propane.
- Home heating oil prices had a statewide average of $5.64 per gallon. The price for heating oil last year averaged $2.88 per gallon.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
(contributed press release, IDALS)
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