DES MOINES, Iowa – The Iowa Department of Agriculture and Land Stewardship released its weekly fuel report and the price of regular unleaded gasoline fell 8 cents, averaging $3.18 in Iowa, according to AAA.

Crude Oil – Summary

• The global price of West Texas Intermediate (WTI) crude oil fell by $5.90 per barrel this week compared to last week and is currently at $72.66.
• The price of Brent crude oil fell by $4.08 and is currently at $76.87.
• A year ago, WTI oil cost $80.35 and Brent oil cost $84.70.

Fuels

• According to AAA, the average price of regular unleaded gasoline in Iowa on Thursday was $3.18.
  • Prices have fallen by 8 cents compared to the previous week and are 47 cents below the previous year’s figure.
  • The national average price was $3.39 on Wednesday, 6 cents less than the previous week.
• Retail diesel prices in Iowa fell 1 cent this week, averaging $3.49 statewide.
  • A year ago, the average price of diesel in Iowa was $4.11.
  • The current diesel price in Iowa is 24 cents below the national average of $3.73.
• The wholesale price of ethanol remained stable and is currently at $2.16.
• Current terminal/rack prices in Des Moines are $2.15 for U87-E10, $2.41 for 87 unleaded (clear), $2.34 for ULSD#2, $2.61 for ULSD#1, and $2.02 per gallon for E-70.

Fuels

• At the Henry Hub reporting site, natural gas prices fell by 16 cents and are currently at USD 2.05/MMbtu.
• During the entire summer months, we will report Iowa retail heating oil and propane prices only once per month.

For tips on saving energy on the go or at home, visit energy.gov and fueleconomy.gov.