Weekly Fuel Report
May 19-25, 2022DES MOINES, Iowa (May 25, 2022) – The price of regular unleaded gasoline rose 8 cents, averaging $4.23 across Iowa according to AAA. Crude Oil Summary · The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.39 per barrel over last week, currently priced at $110.82. · Brent crude oil rose $4.66 and currently priced at $114.62. · One year ago, WTI crude sold for $66.07 and Brent crude was at $68.80. Motor Fuels · As of Wednesday, May 25, the price of regular unleaded gasoline averaged $4.23 across Iowa according to AAA. o Prices rose 8 cents from last week’s price and $1.34 higher than one year ago. o The national average on Wednesday was $4.60, up 3 cents from last week’s price. · Retail diesel prices in Iowa were down 6 cents this week with a statewide average of $5.20. o One year ago, diesel prices averaged $3.05 in Iowa. o The current Iowa diesel price is 34 cents less than the national average of $5.54. · Wholesale ethanol held steady and is currently priced at $2.16. · The current Des Moines Terminal/Rack Prices are $3.39 for U87-E10, $3.85 for Unleaded 87 (clear), $3.77 for ULSD#2, $3.92 for ULSD#1, and $3.09 per gallon for E-70 prices. Heating Fuels · Natural gas prices rose 97 cents at the Henry Hub reporting site and are currently priced at $9.23/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. |