Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $4.12 per barrel, and is currently priced at $58.41.
• Brent crude oil fell by $4.15 and is currently priced at $62.05.
• One year ago, WTI crude sold for $71.22 and Brent crude was $73.68.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.74 across Iowa according to AAA.
  • Prices fell 8 cents from last week’s price and are down 25 cents from a year ago.
  • The national average on Wednesday was $3.07, down 5 cents from last week’s price.
• Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.44.
  • One year ago, diesel prices averaged $3.41 in Iowa.
  • The current Iowa diesel price is 22 cents lower than the national average of $3.66.
• The current Des Moines Terminal/Rack Prices are $1.79 for U87-E10, $1.98 for Unleaded 87 (clear), $2.21 for ULSD#2, $2.64 for ULSD#1, and $1.91 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 33 cents at the Henry Hub reporting site and are currently priced at $2.99 MMbtu.
• Propane prices averaged $1.52 per gallon in Iowa.
• Home heating oil prices had a statewide average of $3.00 per gallon.

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