DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released it’s weekly fuel report and headed into the month of July and the 4th of July holiday, the price of regular unleaded gasoline held steady, averaging $3.38 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.98 per barrel over last week, currently priced at $69.57.
• Brent crude oil fell $3.08 and is currently priced at $74.02.
• One year ago, WTI crude sold for $109.78 and Brent crude was at $123.01.

Motor Fuels

• As of Thursday, the price of regular unleaded gasoline averaged $3.38 across Iowa according to AAA.
  • Prices held steady from last week’s price and $1.24 lower than one year ago.
  • The national average on Wednesday was $3.55, down 3 cents from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.62.
  • One year ago, diesel prices averaged $5.42 in Iowa.
  • The current Iowa diesel price is 25 cents less than the national average of $3.87.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.43 for U87-E10, $2.79 for Unleaded 87 (clear), $2.45 for ULSD#2, $2.97 for ULSD#1, and $2.59 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices rose 7 cents at the Henry Hub reporting site and are currently priced at $2.65/MMbtu
• We will continue reporting retail heating oil and propane prices in Iowa in September. 

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

(contributed press release, IDALS)