Categorized | Local News

Weekly Fuel Report

Posted on 30 March 2022 by KWBG

DES MOINES, Iowa—The weekly report on fuel prices from the Iowa Department of Agriculture and Land Stewardship today shows retail diesel prices in Iowa rose 10 cents with a statewide average of $4.82.Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $6.24 per barrel over last week, currently priced at $108.09.
  • Brent crude oil fell $7.06 and currently priced at $114.22.
  • One year ago, WTI crude sold for $60.55 and Brent crude was at $63.28.

Motor Fuels

  • As of Wednesday, March 30, the price of regular unleaded gasoline averaged $3.89 across Iowa according to AAA.
    • Prices rose 2 cents from last week’s price and $1.12 higher than one year ago.
    • The national average on Wednesday was $4.24, steady from last week’s price.
  • Retail diesel prices in Iowa were up 10 cents this week with a statewide average of $4.82.
    • One year ago, diesel prices averaged $3.07 in Iowa.
    • The current Iowa diesel price is 30 cents less than the national average of $5.12.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.79 for U87-E10, $3.18 for Unleaded 87 (clear), $3.71 for ULSD#2, $3.85 for ULSD#1, and $2.59 per gallon for E-70 prices.

Heating Fuels

  • Propane prices were up 1 cent with a statewide average of $2.11 per gallon.
  • Home heating oil prices were up 29 cents, with a statewide average of $4.39 per gallon.
  • Natural gas prices rose 31 cents at the Henry Hub reporting site and are currently priced at $5.57/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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