Weekly Fuel Report August 30th

The price of regular unleaded gasoline fell 4 cents, averaging $3.60 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.22 per barrel and is currently priced at $81.07.
  • Brent crude oil rose $3.03 and is currently priced at $85.26.
  • One year ago, WTI crude sold for $91.64 and Brent crude was at $99.34.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.60 across Iowa according to AAA.
    • Prices fell 4 cents from last week’s price and are up 9 cents from a year ago.
    • The national average on Wednesday was $3.83, down 2 cents from last week’s price.
  • Retail diesel prices in Iowa rose 14 cents this week with a statewide average of $4.25.
    • One year ago, diesel prices averaged $4.94 in Iowa.
    • The current Iowa diesel price is 19 cents less than the national average of $4.44.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.64 for U87-E10, $3.08 for Unleaded 87 (clear), $3.31 for ULSD#2, $3.82 for ULSD#1, and $2.48 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices rose 21 cents at the Henry Hub reporting site and are currently priced at $2.74/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.