DES MOINES, Iowa—The weekly fuel report from the Iowa Department of Agriculture and Land Stewardship shows that regular unleaded gasoline prices in Iowa were up 3 cents, averaging $3.06 across Iowa.Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.66 per barrel over last week, currently priced at $78.39.
- Brent crude oil rose $2.58 and currently priced at $81.29.
- One year ago, WTI crude sold for $49.93 and Brent crude was at $53.16.
Motor Fuels
- As of Wednesday, January 5, the price of regular unleaded gasoline averaged $3.06 across Iowa according to AAA.
- Prices fell 3 cents from last week’s price and 83 cents higher than one year ago.
- The national average on Wednesday was $3.29, up 1 cent from last week’s price.
- Retail diesel prices in Iowa were up 1 cent this week with a statewide average of $3.33.
- One year ago, diesel prices averaged $2.46 in Iowa.
- The current Iowa diesel price is 24 cents less than the national average of $3.57.
- Wholesale ethanol held steady and is currently priced at $2.14.
- The current Des Moines Terminal/Rack Prices are $2.23 for U87-E10, $2.39 for Unleaded 87 (clear), $2.44 for ULSD#2, $2.69 for ULSD#1, and $2.43 per gallon for E-70 prices.
Heating Fuels
- Propane prices held steady with a statewide average of $1.89 per gallon.
- Home heating oil prices rose 5 cents, with a statewide average of $2.96 per gallon.
- Natural gas prices fell 7 cents at the Henry Hub reporting site and are currently priced at $3.83/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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