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 from last week’s price and is currently averaging $2.53 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.00 per barrel, and is currently priced at $58.12.
- Brent crude oil fell by $1.02 and is currently priced at $61.79.
- One year ago, WTI crude sold for $68.85 and Brent crude was $73.64.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.53 across Iowa according to AAA.
- Prices fell 12 cents from last week’s price and are down 17 cents from a year ago.
- The national average on Wednesday was $2.94, down 6 cents from last week’s price.
- Retail diesel prices in Iowa fell 11 cents this week with a statewide average of $3.50.
- One year ago, diesel prices averaged $3.26 in Iowa.
- The current Iowa diesel price is 18 cents lower than the national average of $3.68.
- The current Des Moines Terminal/Rack Prices are $1.60 for U87-E10, $1.83 for Unleaded 87 (clear), $2.01 for ULSD#2, $2.76 for ULSD#1, and $1.79 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were down 39 cents at the Henry Hub reporting site and are currently priced at $4.61 MMbtu.
- Propane prices averaged $1.55 per gallon in Iowa.
- Home heating oil prices had a statewide average of $3.07 per gallon.
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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