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For Immediate Release: Wednesday, Sept. 26, 2018
DES MOINES – The
price of retail gasoline in Iowa rose $.08 this week, closing at $2.84 per
gallon.
Crude
Oil Summary
The
price of global crude oil rose this week on the West Texas Intermediate (WTI)
by $.61 per barrel over last week, and is currently priced at $71.79.
Brent
crude oil rose $2.33 and is currently priced at $81.55.
One
year ago WTI crude sold for $51.88 and Brent crude was at $59.77.
Motor
Fuels
As
of Tuesday, September 25, the price of regular unleaded gasoline averaged $2.84
across Iowa according to AAA. This is $.08 higher than last week and $.37 higher
than one year ago. The national average on Tuesday was $2.87, up $.03 from last
week’s price.
Retail
diesel fuel prices in Iowa were $.02 higher than last week’s price with a
statewide average of $3.15. One year ago diesel prices averaged $2.67 in Iowa.
The current Iowa diesel price is $.04 less than the national average of $3.19.
Wholesale
ethanol prices were up $.03 from last week’s price, currently at $1.29.
The
current Des Moines Terminal/Rack Prices are $2.16 for U87-E10, $2.35 for
Unleaded 87 (clear), ULSD#2 is at $2.41, ULSD#1 is at $2.61, and E-70 is priced
at $1.62 per gallon.
Heating
Fuels
Natural
Gas prices rose $.16 at the Henry Hub reporting site and ended the week at
$3.13/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.
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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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