Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $6.37 per barrel, and is currently priced at $85.82.
• Brent crude oil fell by $8.43 and is currently priced at $90.85.
• One year ago, WTI crude sold for $60.94 and Brent crude was $63.01.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $3.82 across Iowa according to AAA.
  • Prices fell 15 cents from last week’s price and are up $1.02 from a year ago.
  • The national average on Wednesday was $3.98, down 14 cents from last week’s price.
• Retail diesel prices in Iowa fell 17 cents this week with a statewide average of $5.86.
  • One year ago, diesel prices averaged $3.69 in Iowa.
  • The current Iowa diesel price is 30 cents lower than the national average of $6.16.
• The current Des Moines Terminal/Rack Prices are $2.32 for U87-E10, $2.97 for Unleaded 87 (clear), $4.30 for ULSD#2, $4.71 for ULSD#1, $2.20 for E15, and $2.28 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up 32 cents at the Henry Hub reporting site and are currently priced at $3.25 MMbtu.
• Propane prices averaged $1.86 per gallon in Iowa. Last year the price averaged $1.53 per gallon for propane.
• Home heating oil prices had a statewide average of $5.34 per gallon. The price for heating oil last year averaged $3.33 per gallon.

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