DES MOINES – The price of regular unleaded gasoline rose 12 cents, averaging $2.87 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.21 per barrel over last week, currently priced at $75.64.
- Brent crude oil rose $1.31 and is currently priced at $81.68.
- One year ago, WTI crude sold for $78.87 and Brent crude was at $83.42.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.87 across Iowa according to AAA.
- Prices rose 12 cents from last week’s price and are down 46 cents from a year ago.
- The national average on Wednesday was $3.14, up 4 cents from last week’s price.
- Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.57.
- One year ago, diesel prices averaged $4.30 in Iowa.
- The current Iowa diesel price is 37 cents lower than the national average of $3.94.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.07 for U87-E10, $2.40 for Unleaded 87 (clear), $2.39 for ULSD#2, $2.70 for ULSD#1, and $1.86 per gallon for E-70 prices.
Heating Fuels
- Propane prices averaged $1.58 per gallon statewide.
- Home heating oil prices averaged $2.97 per gallon statewide.
- Natural gas prices fell 53 cents at the Henry Hub reporting site and are currently priced at $2.12/MMbtu.