| Weekly Fuel Report
DES MOINES, Iowa (August 14, 2024) – The price of regular unleaded gasoline rose 3 cents, averaging $3.26 across Iowa according to AAA.
Crude Oil Summary
· The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.02 per barrel and is currently priced at $78.56.
· Brent crude oil rose by $3.19 and is currently priced at $80.95.
· One year ago, WTI crude sold for $82.51 and Brent crude was priced at $87.40.
Motor Fuels
· As of Wednesday, the price of regular unleaded gasoline averaged $3.26 across Iowa according to AAA.
o Prices rose 3 cents from last week’s price and are down 52 cents from a year ago.
o The national average on Wednesday was $3.45, down a cent from last week’s price.
· Retail diesel prices in Iowa held steady this week with a statewide average of $3.50.
o One year ago, diesel prices averaged $4.13 in Iowa.
o The current Iowa diesel price is 26 cents lower than the national average of $3.76.
· Wholesale ethanol held steady and is currently priced at $2.16.
· The current Des Moines Terminal/Rack Prices are $2.29 for U87-E10, $2.56 for Unleaded 87 (clear), $2.45 for ULSD#2, $2.72 for ULSD#1, and $2.06 per gallon for E-70 prices.
Heating Fuels
· Natural gas prices rose 13 cents at the Henry Hub reporting site and are currently priced at $2.21/MMbtu.
· Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov. |
