DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship released the weekly fuel report on Wednesday and the price of regular unleaded gasoline rose 6 cents, averaging $3.33 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.29 per barrel over last week, currently priced at $85.31.
- Brent crude oil fell by $.05 and is currently priced at $89.47.
- One year ago, WTI crude sold for $79.74 and Brent crude was at $87.32.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.33 across Iowa according to AAA.
- Prices rose 6 cents from last week’s price and are up 2 cents from a year ago.
- The national average on Wednesday was $3.62, up 7 cents from last week’s price.
- Retail diesel prices in Iowa rose 2 cents this week with a statewide average of $3.79.
- One year ago, diesel prices averaged $3.90 in Iowa.
- The current Iowa diesel price is 27 cents lower than the national average of $4.06.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.40 for U87-E10, $2.73 for Unleaded 87 (clear), $2.73 for ULSD#2, $3.00 for ULSD#1, and $2.00 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices rose 4 cents at the Henry Hub reporting site and are currently prices at $1.88/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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