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Wednesday, May 2, 2018

Dustin Vande Hoef       
515/281-3375 or 515/326-1616 (cell)

 
 

IOWA DIESEL UP TO $3.02 PER GALLON

DES MOINES – The price of diesel fuel in Iowa ended the week at $3.02, up $.03 per gallon.  National diesel prices also rose $.03, closing at $3.07 per gallon.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.34 per barrel over last week, and is currently priced at $67.40.

Brent crude oil fell $.71 and is currently priced at $72.91.

One year ago WTI crude sold for $47.66 and Brent crude was at $49.31.

Motor Fuels
As of Tuesday, May 1st, the price of regular unleaded gasoline averaged $2.69 across Iowa according to AAA.  This is up $.04 from last week and $.38 higher than one year ago.  The national average on Tuesday was $2.81, up $.03 from last week’s price. 

Retail diesel fuel prices in Iowa rose $.03 from last week’s price with a statewide average of $3.02.   One year ago diesel prices averaged $2.49 in Iowa.   The current Iowa diesel price is $.05 less than the national average of $3.07.

Wholesale ethanol prices fell $.02 from last week’s price, currently at $1.44. 

The current Des Moines Terminal/Rack Prices are $1.98 for U87-E10, $2.18 for Unleaded 87 (clear), ULSD#2 is at $2.21, ULSD#1 is at $2.40, and E-70 is priced at $1.68 per gallon.

Heating Fuels
Natural Gas prices fell $.02 at the Henry Hub reporting site and ended the week at $2.75/ 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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