DES MOINES – The price of West Texas Intermediate crude oil rose $3.61, currently $66.75 per barrel.  Brent crude oil rose $4.15, currently $71.92 per barrel.

Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.61 per barrel over last week, and is currently priced at $66.75.

Brent crude oil rose $4.15 and is currently priced at $71.92.

One year ago WTI crude sold for $53.40 and Brent crude was at $54.73.

Motor Fuels

As of Tuesday, April 10th, the price of regular unleaded gasoline averaged $2.52 across Iowa according to AAA.  This is down $.02 from last week and $.17 higher than one year ago.  The national average on Tuesday was $2.66, holding steady at last week’s price. 

Retail diesel fuel prices in Iowa held steady at last week’s price with a statewide average of $2.93.   One year ago diesel prices averaged $2.48 in Iowa.   The current Iowa diesel price is $.04 less than the national average of $2.97.

Wholesale ethanol prices were $.08 higher than last week’s price, currently at $1.49. 

The current Des Moines Terminal/Rack Prices are $1.91 for U87-E10, $2.12 for Unleaded 87 (clear), ULSD#2 is at $2.13, ULSD#1 is at $2.30, and E-70 is priced at $1.65 per gallon.

Heating Fuels

Natural Gas prices were down a penny at the Henry Hub reporting site and ended the week at $2.69/ MMbtu.

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