DES MOINES, Iowa—The weekly fuel report from the Iowa Department of Agriculture and Land Stewardship showed that fuel prices continued to climb but were still less than a year ago.  In the meantime, the price of ethanol fell 13 cents this week, currently at $1.12.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.15 per barrel over last week, currently priced at $37.98.
• Brent crude oil fell $.54 and currently priced at $40.25.
• One year ago, WTI crude sold for $57.90 and Brent crude was at $65.16.

Motor Fuels

• As of Wednesday, June 24, the price of regular unleaded gasoline averaged $2.08 across Iowa according to AAA.
  • Prices rose $.04 from last week’s price and $.43 lower than one year ago.
  • The national average on Wednesday was $2.16 up $.05 from last week’s price.
• Retail diesel prices in Iowa rose $.04 this week with a statewide average of $2.22.
  • One year ago, diesel prices averaged $2.88 in Iowa.
  • The current Iowa diesel price is $.22 less than the national average of $2.44.
• Wholesale ethanol prices fell $.13, currently at $1.12.
• The current Des Moines Terminal/Rack Prices are $1.29 for U87-E10, $1.41 for Unleaded 87 (clear), ULSD#2 is at $1.26, ULSD#1 is at $1.42, and E-70 priced at $1.37 per gallon.

Heating Fuels

• Natural Gas prices rose $.06 at the Henry Hub reporting site and currently priced at $1.68/MMbtu.
• Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.

(contributed press release, IDALS)