DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship have released the weekly fuel report and once again there’s a decline in gasoline prices. The price of regular unleaded gasoline fell 6 cents, averaging $2.97 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.45 per barrel over last week, currently priced at $77.60.
- Brent crude oil rose $.43 and is currently priced at $82.10.
- One year ago, WTI crude sold for $79.73 and Brent crude was at $88.44.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.97 across Iowa according to AAA.
- Prices fell 6 cents from last week’s price and are down 43 cents from a year ago.
- The national average on Wednesday was $3.30, down 5 cents from last week’s price.
- Retail diesel prices in Iowa fell 7 cents this week with a statewide average of $4.17.
- One year ago, diesel prices averaged $5.00 in Iowa.
- The current Iowa diesel price is 11 cents lower than the national average of $4.28.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.08 for U87-E10, $2.31 for Unleaded 87 (clear), $2.73 for ULSD#2, $3.13 for ULSD#1, and $1.97 per gallon for E-70 prices.
Heating Fuels
- Propane prices held steady with a statewide average of $1.54 per gallon.
- Home heating oil prices fell 2 cents, with a statewide average of $3.47 per gallon
- Natural gas prices fell 30 cents at the Henry Hub reporting site and are currently priced at $2.89/MMbtu
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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