DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the weekly fuel report and the price of gasoline continues to climb. The price of regular unleaded gasoline rose 5 cents, averaging $3.03 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.94 per barrel and is currently priced at $69.83.
- Brent crude oil rose by $3.27 and is currently priced at $73.84.
- One year ago, WTI crude sold for $82.41 and Brent crude was priced at $85.91.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.03 across Iowa according to AAA.
- Prices rose 5 cents from last week’s price and are down 29 cents from a year ago.
- The national average on Wednesday was $3.15, up 5 cents from last week’s price.
- Retail diesel prices in Iowa held steady this week with a statewide average of $3.33.
- One year ago, diesel prices averaged $3.78 in Iowa.
- The current Iowa diesel price is 28 cents lower than the national average of $3.61.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.20 for U87-E10, $2.43 for Unleaded 87 (clear), $2.38 for ULSD#2, $2.63 for ULSD#1, and $1.96 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were down $.26 at the Henry Hub reporting site and are currently priced at $3.89 MMbtu.
- Propane prices averaged $1.64 per gallon in Iowa.
- Home heating oil prices had a statewide average of $2.86 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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