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For Immediate Release: Wednesday, July 11, 2018
DES MOINES – Retail
gasoline prices in Iowa were unchanged from last week, closing at $2.74 per
gallon. The National average also held
steady, closing at $2.87 per gallon.
Crude
Oil Summary
The
price of global crude oil fell this week on the West Texas Intermediate (WTI)
by $1.74 per barrel over last week, and is currently priced at $72.40.
Brent
crude oil rose $.55 and is currently priced at $76.42.
One
year ago WTI crude sold for $45.04 and Brent crude was at $46.68.
Motor
Fuels
As
of Tuesday, July 10, the price of regular unleaded gasoline averaged $2.74
across Iowa according to AAA. This is the same price as last week and $.56
higher than one year ago. The national average on Tuesday was $2.87, holding
steady at last week’s price.
Retail
diesel fuel prices in Iowa were unchanged from last week’s price with a
statewide average of $3.10. One year ago diesel prices averaged $2.36 in Iowa.
The current Iowa diesel price is $.07 less than the national average of $3.17.
Wholesale
ethanol prices were down $.03 from last week’s price, currently at $1.39.
The
current Des Moines Terminal/Rack Prices are $2.08 for U87-E10, $2.29 for
Unleaded 87 (clear), ULSD#2 is at $2.31, ULSD#1 is at $2.48, and E-70 is priced
at $1.72 per gallon.
Heating
Fuels
Natural
Gas prices fell $.02 at the Henry Hub reporting site and ended the week at
$2.84/MMbtu.
Continuing
throughout the summer months, we will only report retail heating oil and
propane prices in Iowa once a month.
Tips for saving
energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.
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For more information, contact Dustin Vande Hoef, (515) 281-3375 or (515) 326-1616 (cell) or Dustin.VandeHoef@IowaAgriculture.gov
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