Ethanol prices down $.04

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For Immediate Release: Wednesday, Aug. 22, 2018


DES MOINES – The price of wholesale ethanol was down $.04 this week, closing at $1.32 per gallon.

Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.79 per barrel over last week, and is currently priced at $67.87.

Brent crude oil rose $3.74 and is currently priced at $74.79.

One year ago WTI crude sold for $47.64 and Brent crude was at $52.29.

Motor Fuels

As of Tuesday, August 21, the price of regular unleaded gasoline averaged $2.69 across Iowa according to AAA. This is $.03 lower than last week and $.40 higher than one year ago. The national average on Tuesday was $2.83, down $.03 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 $2.50 in Iowa. The current Iowa diesel price is $.07 less than the national average of $3.14.

Wholesale ethanol prices were down $.04 from last week’s price, currently at $1.32.

The current Des Moines Terminal/Rack Prices are $1.98 for U87-E10, $2.20 for Unleaded 87 (clear), ULSD#2 is at $2.23, ULSD#1 is at $2.42, and E-70 is priced at $1.64 per gallon.

Heating Fuels

Propane prices were $.03 higher than last month’s prices for a statewide average of $1.26 per gallon. Home heating oil was up a penny from last month’s figures, ending with a statewide average of $2.59. Natural Gas prices rose $.03 at the Henry Hub reporting site and ended the week at $3.01/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