Retail gasoline prices increase in Iowa

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For Immediate Release: Wednesday, Sept. 19, 2018

RETAIL GASOLINE PRICES INCREASE IN IOWA

DES MOINES – The price of retail gasoline in Iowa rose $.06 this week, closing at $2.76 per gallon.

Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.52 per barrel over last week, and is currently priced at $71.18.

Brent crude oil fell $.32 and is currently priced at $79.22.

One year ago WTI crude sold for $49.48 and Brent crude was at $56.58.

Motor Fuels

As of Tuesday, September 18, the price of regular unleaded gasoline averaged $2.76 across Iowa according to AAA. This is $.06 higher than last week and $.16 higher than one year ago. The national average on Tuesday was $2.84, holding steady at last week’s price.

Retail diesel fuel prices in Iowa were $.01 higher than last week’s price with a statewide average of $3.13. One year ago diesel prices averaged $2.65 in Iowa. The current Iowa diesel price is $.05 less than the national average of $3.18.

Wholesale ethanol prices were down $.03 from last week’s price, currently at $1.26.

The current Des Moines Terminal/Rack Prices are $2.13 for U87-E10, $2.34 for Unleaded 87 (clear), ULSD#2 is at $2.34, ULSD#1 is at $2.54, and E-70 is priced at $1.63 per gallon.

Heating Fuels

Propane prices were $.04 higher than last month’s prices for a statewide average of $1.30 per gallon. Home heating oil was up $.09 from last month’s figures, ending with a statewide average of $2.68. Natural Gas prices rose $.08 at the Henry Hub reporting site and ended the week at $2.97/MMbtu.

Continuing through Sept., 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.

Fuel report

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For more information, contact Dustin Vande Hoef, (515) 281-3375 or (515) 326-1616 (cell) or Dustin.VandeHoef@IowaAgriculture.gov