DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the Weekly Fuel Report and the price of regular unleaded gasoline fell 7 cents from last week’s price and is currently averaging $4.13 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.84 per barrel, and is currently priced at $97.80.
- Brent crude oil rose by $3.56 and is currently priced at $109.24.
- One year ago, WTI crude sold for $58.66 and Brent crude was $61.00.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $4.13 across Iowa according to AAA.
- Prices fell 7 cents from last week’s price and are up $1.45 from a year ago.
- The national average on Wednesday was $4.26, down 7 cents from last week’s price.
- Retail diesel prices in Iowa rose 10 cents this week with a statewide average of $6.17.
- One year ago, diesel prices averaged $3.41 in Iowa.
- The current Iowa diesel price is 15 cents lower than the national average of $6.32.
- The current Des Moines Terminal/Rack Prices are $3.07 for U87-E10, $3.59 for Unleaded 87 (clear), $5.11 for ULSD#2, $5.42 for ULSD#1, and $2.58 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were down 36 cents at the Henry Hub reporting site and are currently priced at $2.83 MMbtu.
- Propane prices averaged $1.71 per gallon in Iowa. Last year the price averaged $1.52 per gallon for propane.
- Home heating oil prices had a statewide average of $5.79 per gallon. The price for heating oil last year averaged $2.96 per gallon.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
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(contributed press release, IDALS)