Categorized | Local News

Weekly Fuel Report

Posted on 29 November 2023 by KWBG

DES MOINES, Iowa—The Iowa Department of Agriculture and Land Stewardship has released the most recent fuel report and again the price of regular unleaded gasoline fell 6 cents, averaging $2.91 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.41 per barrel and is currently priced at $77.19.
  • Brent crude oil rose $.19 and is currently priced at $82.29.
  • One year ago, WTI crude sold for $78.20 and Brent crude sold for $83.22.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $2.91 across Iowa according to AAA.
    • Prices fell 6 cents from last week’s price and are down 33 cents from a year ago.
    • The national average on Wednesday was $3.25, down 5 cents from last week’s price.
  • Retail diesel prices in Iowa fell 10 cents this week with a statewide average of $4.07.
    • One year ago, diesel prices averaged $4.88 in Iowa.
    • The current Iowa diesel price is 16 cents lower than the national average of $4.23.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.04 for U87-E10, $2.27 for Unleaded 87 (clear), $2.70 for ULSD#2, $3.08 for ULSD#1, and $1.95 per gallon for E-70 prices.

Heating Fuels

  • Propane prices rose 1 cent with a statewide average of $1.55 per gallon.
  • Home heating oil prices rose 4 cents, with a statewide average of $3.51 per gallon.
  • Natural gas prices fell 7 cents at the Henry Hub reporting site and are currently priced at $2.82/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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