DES MOINES – Retail gasoline prices recorded a second week of gains.  In Iowa, prices rose $.04 this week, closing at $2.35 per gallon.  The national retail gasoline average was $2.40 per gallon, a $.05 rise.

Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.94 per barrel over last week, and is currently priced at $53.04.

Brent crude oil was up $1.42 and is currently priced at $55.77.

One year ago WTI crude sold for $42.17 and Brent crude was at $43.02.

Motor Fuels

As of Tuesday, April 11th, the price of regular unleaded gasoline averaged $2.35 across Iowa according to AAA.  This is up $.04 from last week and $.33 higher than one year ago.  The national average on Tuesday was $2.40, $.05 higher than last week’s price. 

Retail diesel fuel prices in Iowa were up $.02 with a statewide average of $2.47.   One year ago diesel prices averaged $2.07 in Iowa.   The current Iowa diesel average is $.05 lower than the national average of $2.52.

Wholesale ethanol prices were up $.04 from last week’s price, closing at $1.68. 

The current Des Moines Terminal/Rack Prices are $1.67 for U87-E10, $1.87 for Unleaded 87 (clear), ULSD#2 is at $1.74, ULSD#1 is at $1.87, and E-70 is priced at $1.72 per gallon.

Heating Fuels

Natural Gas prices are up a penny at the Henry Hub reporting site and ended the week at $3.08/ MMbtu.

Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.