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 4 cents from last week’s price and is currently averaging $2.38 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by 23 cents per barrel, and is currently priced at $57.86.
- Brent crude oil fell by 88 cents and is currently priced at $61.24.
- One year ago, WTI crude sold for $72.44 and Brent crude was $74.58.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.38 across Iowa according to AAA.
- Prices fell 4 cents from last week’s price and are down 38 cents from a year ago.
- The national average on Wednesday was $2.84, down 2 cents from last week’s price.
- Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $3.30.
- One year ago, diesel prices averaged $3.28 in Iowa.
- The current Iowa diesel price is 27 cents lower than the national average of $3.57.
- The current Des Moines Terminal/Rack Prices are $1.51 for U87-E10, $1.72 for Unleaded 87 (clear), $2.01 for ULSD#2, $2.46 for ULSD#1, and $1.71 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were down 41 cents at the Henry Hub reporting site and are currently priced at $3.77 MMbtu.
- Propane prices averaged $1.58 per gallon in Iowa.
- Home heating oil prices had a statewide average of $2.81 per gallon.
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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