Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.19 per barrel, and is currently priced at $60.88.
• Brent crude oil rose by $2.45 and is currently priced at $65.18.
• One year ago, WTI crude sold for $67.48 and Brent crude was $71.09.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.80 across Iowa according to AAA.
  • Prices fell 1 cent from last week’s price and are down 11 cents from a year ago.
  • The national average on Wednesday was $3.04, down 3 cents from last week’s price.
• Retail diesel prices in Iowa rose 12 cents this week with a statewide average of $3.53.
  • One year ago, diesel prices averaged $3.39 in Iowa.
  • The current Iowa diesel price is 15 cents lower than the national average of $3.68.
• The current Des Moines Terminal/Rack Prices are $1.87 for U87-E10, $2.06 for Unleaded 87 (clear), $2.51 for ULSD#2, $2.84 for ULSD#1, and $1.93 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up 41 cents at the Henry Hub reporting site and are currently priced at $3.85 MMbtu.
• Propane prices averaged $1.52 per gallon in Iowa.
• Home heating oil prices had a statewide average of $3.16 per gallon.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.