DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and retail diesel prices in Iowa were down 7 cents this week with a statewide average of $5.16.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.95 per barrel over last week, currently priced at $88.85.
- Brent crude oil fell $.52 and currently priced at $95.14.
- One year ago, WTI crude sold for $83.91 and Brent crude was at $84.42.
Motor Fuels
- As of Wednesday, November 2, the price of regular unleaded gasoline averaged $3.53 across Iowa according to AAA.
- Prices fell 2 cents from last week’s price and $.34 higher than one year ago.
- The national average on Wednesday was $3.77 up 1 cent from last week’s price.
- Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $5.16.
- One year ago, diesel prices averaged $3.49 in Iowa.
- The current Iowa diesel price is 15 cents less than the national average of $5.31.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.69 for U87-E10, $3.21 for Unleaded 87 (clear), $3.83 for ULSD#2, $4.19 for ULSD#1, and $2.89 per gallon for E-70 prices.
Heating Fuels
- Propane prices were down 1 cent with a statewide average of $1.92 per gallon.
- Home heating oil prices fell 8 cents, with a statewide average of $4.72 per gallon.
- Natural gas prices rose 5 cents at the Henry Hub reporting site and are currently priced at $6.14/MMbtu
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
(contributed press release)
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