DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship released the weekly fuel report today and the price of regular unleaded gasoline fell 1 cent, averaging $2.97 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.41 per barrel over last week, currently priced at $58.51.
- Brent crude oil fell by $2.58 and is currently priced at $63.18.
- One year ago, WTI crude sold for $83.49 and Brent crude was $88.23.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.97 across Iowa according to AAA.
- Prices fell 1 cent from last week’s price and are down 29 cents from a year ago.
- The national average on Wednesday was $3.18, up 1 cent from last week’s price.
- Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.34.
- One year ago, diesel prices averaged $3.72 in Iowa.
- The current Iowa diesel price is 22 cents lower than the national average of $3.56.
- The current Des Moines Terminal/Rack Prices are $2.01 for U87-E10, $2.44 for Unleaded 87 (clear), $2.23 for ULSD#2, $2.47 for ULSD#1, and $1.95 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were up $.25 at the Henry Hub reporting site and are currently priced at $3.32 MMbtu.
- We will continue reporting retail heating oil and propane prices in Iowa in October.
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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