DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship reports weekly about fuel prices and this week, the report shows an increase the price of ethanol. The price of wholesale ethanol rose $.06, currently priced at $1.46 per gallon.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.83 per barrel over last week, currently priced at $53.19.
- Brent crude oil rose $1.35, and it is currently priced at $58.75.
- One year ago, WTI crude sold for $74.96 and Brent crude was at $85.16.
Motor Fuels
- As of Tuesday, October 8, the price of regular unleaded gasoline averaged $2.42 across Iowa according to AAA.
- This is $.04 lower than last week and $.44 lower than one year ago.
- The national average on Tuesday was $2.65, down a penny from last week’s price.
- Retail diesel prices in Iowa were $.01 lower than last week’s price with a statewide average of $2.84.
- One year ago, diesel prices averaged $3.27 in Iowa.
- The current Iowa diesel price is $.16 less than the national average of $3.00.
- Wholesale ethanol prices rose $.06 from last week’s price, currently at $1.46.
- The current Des Moines Terminal/Rack Prices are $1.72 for U87-E10, $1.92 for Unleaded 87 (clear), ULSD#2 is at $1.98, ULSD#1 is at $2.26, and E-70 is priced at $1.65 per gallon.
Heating Fuels
- Propane prices were the same as last month for a statewide average of $1.12 per gallon.
- Home heating oil was down $.05 cents from last month, ending with a statewide average of $2.40 per gallon.
- Natural Gas prices rose $.02 at the Henry Hub reporting site and currently priced at $2.28/MMbtu.
(contribute press release, IDALS)
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