DES MOINES, Iowa—The Weekly Fuel Report from the Iowa Department of Agriculture and Land Stewardship was released and shows that the price of regular unleaded gasoline rose 3 cents, averaging $3.18 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.43 per barrel over last week, currently priced at $81.63.
- Brent crude oil fell by $.94 and is currently priced at $81.40.
- One year ago, WTI crude sold for $70.50 and Brent crude was at $76.09.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.18 across Iowa according to AAA.
- Prices rose 3 cents from last week’s price and are down 12 cents from a year ago.
- The national average on Wednesday was $3.45, steady from last week’s price.
- Retail diesel prices in Iowa rose 3 cents this week with a statewide average of $3.52.
- One year ago, diesel prices averaged $3.61 in Iowa.
- The current Iowa diesel price is 28 cents lower than the national average of $3.80.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.31 for U87-E10, $2.59 for Unleaded 87 (clear), $2.47 for ULSD#2, $2.72 for ULSD#1, and $2.19 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices fell 13 cents at the Henry Hub reporting site and are currently priced at $2.88/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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