Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.52 per barrel, and is currently priced at $62.94.
• Brent crude oil rose by $3.08 and is currently priced at $68.00.
• One year ago, WTI crude sold for $74.15 and Brent crude was $78.01.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.55 across Iowa according to AAA.
  • Prices rose 8 cents from last week’s price and are down 39 cents from a year ago.
  • The national average on Wednesday was $2.88, up 5 cents from last week’s price.
• Retail diesel prices in Iowa rose 8 cents this week with a statewide average of $3.40.
  • One year ago, diesel prices averaged $3.42 in Iowa.
  • The current Iowa diesel price is 20 cents lower than the national average of $3.60.
• The current Des Moines Terminal/Rack Prices are $1.67 for U87-E10, $1.89 for Unleaded 87 (clear), $2.33 for ULSD#2, $2.68 for ULSD#1, and $1.77 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down $1.02 at the Henry Hub reporting site and are currently priced at $3.85 MMbtu.
• Propane prices averaged $1.59 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.84 per gallon.

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