The price of regular unleaded gasoline fell 1 cent, averaging $3.80 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.92 per barrel over last week, currently priced at $83.91.
- Brent crude oil rose $2.36 and is currently priced at $86.94.
- One year ago, WTI crude sold for $91.67 and Brent crude was at $97.18.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.80 across Iowa according to AAA.
- Prices fell 1 cent from last week’s price and are up 16 cents from a year ago.
- The national average on Wednesday was $3.83, up 1 cent from last week’s price.
- Retail diesel prices in Iowa rose 4 cents this week with a statewide average of $4.05.
- One year ago, diesel prices averaged $4.77 in Iowa.
- The current Iowa diesel price is 17 cents less than the national average of $4.22.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.87 for U87-E10, $3.31 for Unleaded 87 (clear), $3.17 for ULSD#2, $3.70 for ULSD#1, and $2.54 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices rose 36 cents at the Henry Hub reporting site and are currently priced at $2.93/MMbtu
- We will continue reporting retail heating oil and propane prices in Iowa in September.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.