For Immediate Release: Wednesday, Aug. 15, 2018
DES MOINES – The
price of retail gasoline in Iowa was down a penny this week, closing at $2.72
per gallon.
Crude
Oil Summary
The
price of global crude oil fell this week on the West Texas Intermediate (WTI)
by $1.50 per barrel over last week, and is currently priced at $65.08.
Brent
crude oil fell $.83 and is currently priced at $71.05.
One
year ago WTI crude sold for $47.55 and Brent crude was at $49.90.
Motor
Fuels
As
of Tuesday, August 14, the price of regular unleaded gasoline averaged $2.72
across Iowa according to AAA. This is a penny lower than last week and $.41
higher than one year ago. The national average on Tuesday was $2.86, up $0.01
from last week’s price.
Retail
diesel fuel prices in Iowa held steady at last week’s price with a statewide
average of $3.07. One year ago diesel prices averaged $2.51 in Iowa. The current
Iowa diesel price is $.08 less than the national average of $3.15.
Wholesale
ethanol prices were down $.03 from last week’s price, currently at $1.36.
The
current Des Moines Terminal/Rack Prices are $2.00 for U87-E10, $2.21 for
Unleaded 87 (clear), ULSD#2 is at $2.24, ULSD#1 is at $2.43, and E-70 is priced
at $1.66 per gallon.
Heating
Fuels
Natural
Gas prices rose $.05 at the Henry Hub reporting site and ended the week at
$2.98/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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