The price of regular unleaded gasoline fell 4 cents, averaging $2.73 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.24 per barrel over last week, currently priced at $71.77.
- Brent crude oil rose $.07 and is currently priced at $77.34.
- One year ago, WTI crude sold for $80.18 and Brent crude was at $84.38.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.73 across Iowa according to AAA.
- Prices fell 4 cents from last week’s price and are down 46 cents from a year ago.
- The national average on Wednesday was $3.09, up 1 cent from last week’s price.
- Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $3.59.
- One year ago, diesel prices averaged $4.17 in Iowa.
- The current Iowa diesel price is 35 cents lower than the national average of $3.94.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $1.82 for U87-E10, $2.16 for Unleaded 87 (clear), $2.38 for ULSD#2, $2.67 for ULSD#1, and $1.79 per gallon for E-70 prices.
Heating Fuels
- Propane prices averaged $1.56 per gallon statewide.
- Home heating oil prices averaged $2.83 per gallon statewide.
- Natural gas prices fell 19 cents at the Henry Hub reporting site and are currently priced at $2.83/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.