DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and the price of regular unleaded gasoline fell 3 cents, averaging $3.27 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.21 per barrel over last week, currently priced at $79.75.
- Brent crude oil rose by $2.32 and is currently priced at $84.14.
- One year ago, WTI crude sold for $69.46 and Brent crude was at $73.38.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.27 across Iowa according to AAA.
- Prices fell 3 cents from last week’s price and are down 11 cents from a year ago.
- The national average on Wednesday was $3.58, down 3 cents from last week’s price.
- Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.58.
- One year ago, diesel prices averaged $3.70 in Iowa.
- The current Iowa diesel price is 30 cents lower than the national average of $3.88.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.26 for U87-E10, $2.58 for Unleaded 87 (clear), $2.43 for ULSD#2, $2.67 for ULSD#1, and $2.05 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices rose 2 cents at the Henry Hub reporting site and are currently priced at $2.71/MMbtu.
- Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
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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