Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.49 per barrel, and is currently priced at $56.37.
• Brent crude oil fell by $1.01 and is currently priced at $60.23.
• One year ago, WTI crude sold for $74.99 and Brent crude was $77.84.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.37 across Iowa according to AAA.
  • Prices fell 1 cent from last week’s price and are down 48 cents from a year ago.
  • The national average on Wednesday was $2.82, down 2 cents from last week’s price.
• Retail diesel prices in Iowa fell 5 cents this week with a statewide average of $3.25.
  • One year ago, diesel prices averaged $3.29 in Iowa.
  • The current Iowa diesel price is 29 cents lower than the national average of $3.54.
• The current Des Moines Terminal/Rack Prices are $1.55 for U87-E10, $1.76 for Unleaded 87 (clear), $1.93 for ULSD#2, $2.36 for ULSD#1, and $1.73 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 27 cents at the Henry Hub reporting site and are currently priced at $3.50 MMbtu.
• Propane prices averaged $1.56 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.79 per gallon.

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