Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.65 per barrel, and is currently priced at $92.29.
• Brent crude oil rose by 65 cents and is currently priced at $95.16.
• One year ago, WTI crude sold for $61.74 and Brent crude was $66.58.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.65 across Iowa according to AAA.
  • Prices rose 1 cent from last week’s price and are up 66 cents from a year ago.
  • The national average on Wednesday was $4.11, down 5 cents from last week’s price.
• Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $5.07.
  • One year ago, diesel prices averaged $3.36 in Iowa.
  • The current Iowa diesel price is 57 cents lower than the national average of $5.64.
• The current Des Moines Terminal/Rack Prices are $2.61 for U87-E10, $3.01 for Unleaded 87 (clear), $3.64 for ULSD#2, $3.77 for ULSD#1, and $2.31 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 13 cents at the Henry Hub reporting site and are currently priced at $2.61 MMbtu.
• We will continue reporting retail heating oil and propane prices in Iowa in October.

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