DES MOINES, Iowa—The weekly fuel report is conducted and released by the Iowa Department of Agriculture and Land Stewardship. This week’s report shows that gasoline prices are continuing their climb. Regular Unleaded gasoline prices were up 3 cents across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.49 per barrel over last week, currently priced at $75.15.
- Brent crude oil rose $3.42 and currently priced at $76.51.
- One year ago, WTI crude sold for $40.29 and Brent crude was at $42.97.
Motor Fuels
- As of Wednesday, July 14, the price of regular unleaded gasoline averaged $3.00 across Iowa according to AAA.
- Prices were up 3 cents from last week’s price and $.89 higher than one year ago.
- The national average on Wednesday was $3.15, up 1 cent from last week’s price.
- Retail diesel prices in Iowa were up 1 cent this week with a statewide average of $3.11.
- One year ago, diesel prices averaged $2.23 in Iowa.
- The current Iowa diesel price is 15 cents less than the national average of $3.26.
- Wholesale ethanol fell 6 cents and is currently priced at $2.32.
- The current Des Moines Terminal/Rack Prices are $2.20 for U87-E10, $2.50 for Unleaded 87 (clear), $2.26 for ULSD#2, $2.42 for ULSD#1, and $2.28 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices rose 18 cents at the Henry Hub reporting site and are currently priced at $3.71/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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