Crude oil prices trend downward

Having trouble viewing this email? View it as a Web page.

IDALS naig header

For Immediate Release: Wednesday, Aug. 8, 2018


DES MOINES – Crude oil prices fell this week with the West Texas Intermediate down $2.16 per barrel, currently at $66.58. Brent crude fell $2.37, currently priced at $71.88 per barrel.


Crude Oil Summary

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.16 per barrel over last week, and is currently priced at $66.58.

Brent crude oil fell $2.37 and is currently priced at $71.88.

One year ago WTI crude sold for $49.17 and Brent crude was at $52.18.


Motor Fuels

As of Tuesday, August 7, the price of regular unleaded gasoline averaged $2.73 across Iowa according to AAA. This is the same price as last week and $.42 higher than one year ago. The national average on Tuesday was $2.87, up $0.01 from last week’s price.

Retail diesel fuel prices in Iowa were $.01 lower than last week’s price with a statewide average of $3.07. One year ago diesel prices averaged $2.49 in Iowa. The current Iowa diesel price is $.08 less than the national average of $3.15.

Wholesale ethanol prices were down $.07 from last week’s price, currently at $1.39.

The current Des Moines Terminal/Rack Prices are $2.06 for U87-E10, $2.27 for Unleaded 87 (clear), ULSD#2 is at $2.28, ULSD#1 is at $2.45, and E-70 is priced at $1.71 per gallon.


Heating Fuels

Natural Gas prices rose $.17 at the Henry Hub reporting site and ended the week at $2.93/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 and at

fuel report


For more information, contact Dustin Vande Hoef, (515) 281-3375 or (515) 326-1616 (cell) or