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Thursday, June 14, 2018

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

 
 

RETAIL GASOLINE PRICES DOWN

DES MOINES – The price of retail gasoline in Iowa dropped $.04 per gallon, ending the week at $2.79.  Nationally, retail gasoline prices dropped $.03, closing at $2.91.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.63 per barrel over last week, and is currently priced at $66.71.

Brent crude oil rose $.88 and is currently priced at $76.69.

One year ago WTI crude sold for $46.46 and Brent crude was at $46.95.

Motor Fuels
As of Tuesday, June 12, the price of regular unleaded gasoline averaged $2.79 across Iowa according to AAA. This is down $.04 from last week and $.54 higher than one year ago. The national average on Tuesday was $2.91, down $.03 from last week’s price.

Retail diesel fuel prices in Iowa fell a penny from last week’s price with a statewide average of $3.16. One year ago diesel prices averaged $2.44 in Iowa. The current Iowa diesel price is $.04 less than the national average of $3.20.

Wholesale ethanol prices were unchanged from last week’s price, currently at $1.44.

The current Des Moines Terminal/Rack Prices are $1.99 for U87-E10, $2.20 for Unleaded 87 (clear), ULSD#2 is at $2.25, ULSD#1 is at $2.42, and E-70 is priced at $1.70 per gallon.

Heating Fuels
Natural Gas prices rose $.05 at the Henry Hub reporting site and ended the week at $2.92/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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