The price of regular unleaded gasoline fell 4 cents, averaging $2.87 across Iowa according to AAA.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $7.02 per barrel over last week, currently priced at $70.17.
- Brent crude oil fell $7.08 and is currently priced at $75.21.
- One year ago, WTI crude sold for $74.25 and Brent crude was at $79.92.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.87 across Iowa according to AAA.
- Prices fell 4 cents from last week’s price and are down 22 cents from a year ago.
- The national average on Wednesday was $3.22, down 3 cents from last week’s price.
- Retail diesel prices in Iowa fell 10 cents this week with a statewide average of $3.97.
- One year ago, diesel prices averaged $4.72 in Iowa.
- The current Iowa diesel price is 20 cents lower than the national average of $4.17.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $1.95 for U87-E10, $2.19 for Unleaded 87 (clear), $2.47 for ULSD#2, $2.82 for ULSD#1, and $1.92 per gallon for E-70 prices.
Heating Fuels
Propane prices rose 1 cent with a statewide average of $1.56 per gallon.
Home heating oil prices fell 19 cents, with a statewide average of $3.32 per gallon
Natural gas prices fell 15 cents at the Henry Hub reporting site and are currently priced at $2.67/MMbtu
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.