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For Immediate Release
Wednesday, August 22, 2012

Harold Hommes, (515) 282-6237
Harold.Hommes@IowaAgriculture.gov
Dustin Vande Hoef, 515-281-3375
Dustin.VandeHoef@IowaAgriculture.gov
 
 

 

RETAIL GASOLINE PRICES HOLD STEADY

DES MOINES –   The Iowa average unleaded retail gasoline price remained the same this week at $3.67, with the U.S. average unleaded retail gasoline price up a penny, closing at $3.72.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.25 per barrel over last week, closing at $96.68.

Brent crude oil rose in price this week, finishing at $116.03 per barrel on Tuesday’s close, up $1.55 from the previous week.

One year ago WTI crude sold for $85.29 and Brent crude was at $108.83.

Motor Fuels
As of Tuesday, August 21st, the price of regular unleaded gasoline averaged $3.67 across Iowa according to AAA.  This is the same price as last week and up $.16 from one year ago.  The national average on Tuesday was $3.72, up a penny from last week’s price. 

Retail diesel fuel prices in Iowa were up $.03 on the Tuesday report with a statewide average of $3.95.   One year ago diesel prices averaged $3.81 in Iowa.   The current Iowa diesel average is $.05 per gallon lower than the national average of $4.00.

Wholesale ethanol prices rose this week by $.09, closing at $2.67. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.59 per gallon, holding steady at last week’s price and up $.16 from one year ago.

Heating Fuels
Natural Gas prices in Iowa fell a penny from last week’s report, ending the week at $2.79 / MMbtu.

 

 FULL REPORT

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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