Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.00 per barrel, and is currently priced at $58.12.
• Brent crude oil fell by $1.02 and is currently priced at $61.79.
• One year ago, WTI crude sold for $68.85 and Brent crude was $73.64.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.53 across Iowa according to AAA.
  • Prices fell 12 cents from last week’s price and are down 17 cents from a year ago.
  • The national average on Wednesday was $2.94, down 6 cents from last week’s price.
• Retail diesel prices in Iowa fell 11 cents this week with a statewide average of $3.50.
  • One year ago, diesel prices averaged $3.26 in Iowa.
  • The current Iowa diesel price is 18 cents lower than the national average of $3.68.
• The current Des Moines Terminal/Rack Prices are $1.60 for U87-E10, $1.83 for Unleaded 87 (clear), $2.01 for ULSD#2, $2.76 for ULSD#1, and $1.79 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 39 cents at the Henry Hub reporting site and are currently priced at $4.61 MMbtu.
• Propane prices averaged $1.55 per gallon in Iowa.
• Home heating oil prices had a statewide average of $3.07 per gallon.

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