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Thursday June 28, 2018

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

 
 

DECLINE IN IOWA DIESEL PRICES

DES MOINES – Retail diesel in Iowa registered a $.05 price decrease this week, closing at $3.09 per gallon.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $5.99 per barrel over last week, and is currently priced at $72.33.

Brent crude oil rose $1.92 and is currently priced at $77.27.
One year ago WTI crude sold for $44.24 and Brent crude was at $46.17.

Motor Fuels
As of Tuesday, June 26, the price of regular unleaded gasoline averaged $2.69 across Iowa according to AAA. This is down $.05 from last week and $.53 higher than one year ago. The national average on Tuesday was $2.85, down $.03 from last week’s price.
Retail diesel fuel prices in Iowa fell $.05 from last week’s price with a statewide average of $3.09. One year ago diesel prices averaged $2.35 in Iowa. The current Iowa diesel price is $.07 less than the national average of $3.16.
Wholesale ethanol prices were up $.05 from last week’s price, currently at $1.44.
The current Des Moines Terminal/Rack Prices are $1.96 for U87-E10, $2.16 for Unleaded 87 (clear), ULSD#2 is at $2.21, ULSD#1 is at $2.38, and E-70 is priced at $1.68 per gallon.

Heating Fuels
Natural Gas prices rose $.03 at the Henry Hub reporting site and ended the week at $2.93/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.


Weekly Fuel Report

 

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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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