Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $10.23 per barrel, and is currently priced at $92.19.
• Brent crude oil fell by $16.36 and is currently priced at $99.28.
• One year ago, WTI crude sold for $61.79 and Brent crude was $65.79.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.97 across Iowa according to AAA.
  • Prices fell 17 cents from last week’s price and are up $1.23 from a year ago.
  • The national average on Wednesday was $4.12, down 13 cents from last week’s price.
• Retail diesel prices in Iowa fell 11 cents this week with a statewide average of $6.03.
  • One year ago, diesel prices averaged $3.58 in Iowa.
  • The current Iowa diesel price is 24 cents lower than the national average of $6.27.
• The current Des Moines Terminal/Rack Prices are $2.96 for U87-E10, $3.38 for Unleaded 87 (clear), $4.75 for ULSD#2, $5.13 for ULSD#1, $2.51 for E15, and $2.37 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were down 12 cents at the Henry Hub reporting site and are currently priced at $2.93 MMbtu.
• Propane prices averaged $1.85 per gallon in Iowa. Last year the price averaged $1.53 per gallon for propane.
• Home heating oil prices had a statewide average of $5.70 per gallon. The price for heating oil last year averaged $3.25 per gallon.

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