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Weekly Fuel Report

KWBG 07/13/22

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 12 cents, averaging $4.46 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.80 per barrel over last week, currently priced at $96.39.
  • Brent crude oil rose $.64 and currently priced at $99.73.
  • One year ago, WTI crude sold for $75.25 and Brent crude was at $77.50.


Motor Fuels

  • As of Wednesday, July 13, the price of regular unleaded gasoline averaged $4.46 across Iowa according to AAA.
    • Prices fell 12 cents from last week’s price and $1.48 higher than one year ago.
    • The national average on Wednesday was $4.63, down 15 cents from last week’s price.
  • Retail diesel prices in Iowa were down 9 cents this week with a statewide average of $5.27.
    • One year ago, diesel prices averaged $3.11 in Iowa.
    • The current Iowa diesel price is 34 cents less than the national average of $5.61.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $3.13 for U87-E10, $3.64 for Unleaded 87 (clear), $4.16 for ULSD#2, $4.39 for ULSD#1, and $2.91 per gallon for E-70 prices.


Heating Fuels

  • Natural gas prices rose $1.18 at the Henry Hub reporting site and are currently priced at $6.71/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)

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