The price of regular unleaded gasoline rose 14 cents, averaging $3.31 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.87 per barrel over last week, currently priced at $81.98.
- Brent crude oil rose $2.68 and is currently priced at $86.15.
- One year ago, WTI crude sold for $67.64 and Brent crude was at $72.42.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.31 across Iowa according to AAA.
- Prices rose 14 cents from last week’s price and are up 12 cents from a year ago.
- The national average on Wednesday was $3.52, up 12 cents from last week’s price.
- Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $3.79.
- One year ago, diesel prices averaged $3.90 in Iowa.
- The current Iowa diesel price is 26 cents lower than the national average of $4.05.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.45 for U87-E10, $2.77 for Unleaded 87 (clear), $2.80 for ULSD#2, $3.07 for ULSD#1, and $1.98 per gallon for E-70 prices.
Heating Fuels
- Propane prices averaged $1.59 per gallon statewide.
- Home heating oil prices averaged $3.20 per gallon statewide.
- Natural gas prices rose 2 cents at the Henry Hub reporting site and are currently priced at $1.70/MMbtu
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.