Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.62 per barrel, and is currently priced at $102.42.
• Brent crude oil rose by $6.40 and is currently priced at $115.64.
• One year ago, WTI crude sold for $60.97 and Brent crude was $64.03.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $4.14 across Iowa according to AAA.
  • Prices rose one cent from last week’s price and are up $1.33 from a year ago.
  • The national average on Wednesday was $4.25, down one cent from last week’s price.
• Retail diesel prices in Iowa fell three cents this week with a statewide average of $6.14.
  • One year ago, diesel prices averaged $3.54 in Iowa.
  • The current Iowa diesel price is 21 cents lower than the national average of $6.35.
• The current Des Moines Terminal/Rack Prices are $2.96 for U87-E10, $3.47 for Unleaded 87 (clear), $4.92 for ULSD#2, $5.23 for ULSD#1, $2.81 for E15, and $2.45 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up 22 cents at the Henry Hub reporting site and are currently priced at $3.05 MMbtu.
• Propane prices averaged $1.74 per gallon in Iowa. Last year the price averaged $1.52 per gallon for propane.
• Home heating oil prices had a statewide average of $5.74 per gallon. The price for heating oil last year averaged $2.96 per gallon.

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