Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $11.82 cents per barrel, and is currently priced at $99.07.
• Brent crude oil rose by $17.07 cents and is currently priced at $108.91.
• One year ago, WTI crude sold for $67.40 and Brent crude was $71.93.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.35 across Iowa according to AAA.
  • Prices rose 16 cents from last week’s price and are up 45 cents from a year ago.
  • The national average on Wednesday was $3.84, up 26 cents from last week’s price.
• Retail diesel prices in Iowa rose 21 cents this week with a statewide average of $4.63.
  • One year ago, diesel prices averaged $3.31 in Iowa.
  • The current Iowa diesel price is 44 cents lower than the national average of $5.07.
• The current Des Moines Terminal/Rack Prices are $2.44 for U87-E10, $2.87 for Unleaded 87 (clear), $3.41 for ULSD#2, $3.58 for ULSD#1, and $2.20 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 11 cents at the Henry Hub reporting site and are currently priced at $3.04 MMbtu.
• Propane prices averaged $1.62 per gallon in Iowa.
• Home heating oil prices had a statewide average of $4.03 per gallon.

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