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For Immediate Release
Wednesday, June 21, 2017

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

 
 

IOWA DIESEL FUEL PRICES DROP

DES MOINES – The price of diesel in Iowa dropped $.05 this week, closing at $2.39 per gallon.  This is $.08 lower than the national diesel average of $2.47.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.49 per barrel over last week, and is currently priced at $43.24.

Brent crude oil was down $1.30 and is currently priced at $45.64.

One year ago WTI crude sold for $48.85 and Brent crude was at $48.18.

Motor Fuels
As of Tuesday, June 20th, the price of regular unleaded gasoline averaged $2.20 across Iowa according to AAA.  This is down $.05 from last week and $.10 lower than one year ago.  The national average on Tuesday was $2.28, down $.04 from last week’s price. 

Retail diesel fuel prices in Iowa were down $.05 with a statewide average of $2.39.   One year ago diesel prices averaged $2.35 in Iowa.   The current Iowa diesel average is $.08 lower than the national average of $2.47.

Wholesale ethanol prices fell $.02 from last week’s price, currently at $1.53. 

The current Des Moines Terminal/Rack Prices are $1.38 for U87-E10, $1.57 for Unleaded 87 (clear), ULSD#2 is at $1.42, ULSD#1 is at $1.59, and E-70 is priced at $1.61 per gallon.

Heating Fuels
Propane prices were $.02 lower than last month’s prices for a statewide average of $1.11 per gallon.  Home heating oil fell $.08 from last month’s figures, ending with a statewide average of $1.87.  Natural Gas prices are down $.14 at the Henry Hub reporting site and ended the week at $2.87/ 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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