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For Immediate Release
Wednesday, June 14, 2017

Dustin Vande Hoef
515/281-3375 or 515/326-1616 (cell)
or Dustin.VandeHoef@IowaAgriculture.gov

 
 

RETAIL FUEL PRICES FALL

DES MOINES – The price of retail gasoline in Iowa dropped $.04 this week, closing at $2.25.  The national average retail gasoline price also fell $.04, ending the week at $2.32 per gallon.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.26 per barrel over last week, and is currently priced at $44.73.

Brent crude oil was down $1.32 and is currently priced at $46.94.

One year ago WTI crude sold for $48.49 and Brent crude was at $47.88.

Motor Fuels
As of Tuesday, June 13th, the price of regular unleaded gasoline averaged $2.25 across Iowa according to AAA.  This is down $.04 from last week and $.07 lower than one year ago.  The national average on Tuesday was $2.32, down $.04 from last week’s price. 

Retail diesel fuel prices in Iowa were down $.02 with a statewide average of $2.44.   One year ago diesel prices averaged $2.33 in Iowa.   The current Iowa diesel average is $.05 lower than the national average of $2.49.

Wholesale ethanol prices fell $.02 from last week’s price, currently at $1.55. 

The current Des Moines Terminal/Rack Prices are $1.44 for U87-E10, $1.63 for Unleaded 87 (clear), ULSD#2 is at $1.47, ULSD#1 is at $1.63, and E-70 is priced at $1.63 per gallon.

Heating Fuels
Natural Gas prices are up $.05 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 www.energysavers.gov and at www.fueleconomy.gov.  

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Mailing Address: IDALS,  Wallace State Office Building,   502 E. 9th Street,  Des Moines, IA 50319:     PH: 515-281-5321
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