| Weekly Fuel Report
Crude Oil Summary · The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.66 per barrel and is currently priced at $75.43. · Brent crude oil rose $3.03 and is currently priced at $80.37. · One year ago, WTI crude sold for $80.13 and Brent crude was at $85.25. Motor Fuels · As of Wednesday, the price of regular unleaded gasoline averaged $2.75 across Iowa according to AAA. o Prices rose 2 cents from last week’s price and are down 51 cents from a year ago. o The national average on Wednesday was $3.10, up 1 cent from last week’s price. · Retail diesel prices in Iowa held steady this week with a statewide average of $3.59. o One year ago, diesel prices averaged $4.24 in Iowa. o The current Iowa diesel price is 33 cents lower than the national average of $3.92. · Wholesale ethanol held steady and is currently priced at $2.16. · The current Des Moines Terminal/Rack Prices are $1.93 for U87-E10, $2.28 for Unleaded 87 (clear), $2.33 for ULSD#2, $2.64 for ULSD#1, and $1.81 per gallon for E-70 prices. Heating Fuels · Propane prices averaged $1.57 per gallon statewide. · Home heating oil prices averaged $3.01 per gallon statewide. · Natural gas prices fell 18 cents at the Henry Hub reporting site and are currently priced at $2.65/MMbtu. Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov. |