Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $6.03 per barrel, and is currently priced at $94.96.
• Brent crude oil rose by $4.87 and is currently priced at $105.68.
• One year ago, WTI crude sold for $59.52 and Brent crude was $63.00.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $4.20 across Iowa according to AAA.
  • Prices fell 10 cents from last week’s price and are up $1.44 from a year ago.
  • The national average on Wednesday was $4.33, down 4 cents from last week’s price.
• Retail diesel prices in Iowa rose 3 cents this week with a statewide average of $6.07.
  • One year ago, diesel prices averaged $3.45 in Iowa.
  • The current Iowa diesel price is 23 cents lower than the national average of $6.30.
• The current Des Moines Terminal/Rack Prices are $3.24 for U87-E10, $3.88 for Unleaded 87 (clear), $5.27 for ULSD#2, $5.60 for ULSD#1, and $2.64 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 2 cents at the Henry Hub reporting site and are currently priced at $3.19 MMbtu.
• Propane prices averaged $1.64 per gallon in Iowa. Last year the price averaged $1.52 per gallon for propane.
• Home heating oil prices had a statewide average of $5.76 per gallon. The price for heating oil last year averaged $3.00 per gallon.

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