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Week of February 15 fuel and energy price update courtesy of the Iowa Department of Agriculture

Week of February 15 fuel and energy price update courtesy of the Iowa Department of Agriculture

Average unleaded gasoline prices rose 8 cents across Iowa and are currently priced at $2.49.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.73 per barrel over last week, currently priced at $60.37.
  • Brent crude oil rose $2.27 and currently priced at $63.79.
  • One year ago, WTI crude sold for $52.05 and Brent crude was at $57.83.

Motor Fuels

  • As of Wednesday, Feb. 17, the price of regular unleaded gasoline averaged $2.49 across Iowa according to AAA.
    • Prices were up 8 cents from last week’s price and 22 cents higher than one year ago.
    • The national average on Wednesday was $2.54, up 6 cents from last week’s price.
  • Retail diesel prices in Iowa rose 8 cents this week with a statewide average of $2.69.
    • One year ago, diesel prices averaged $2.68 in Iowa.
    • The current Iowa diesel price is 10 cents less than the national average of $2.79.
  • Wholesale ethanol fell 2 cents and is currently priced at $1.69.
  • The current Des Moines Terminal/Rack Prices are $1.80 for U87-E10, $1.99 for Unleaded 87 (clear), $1.94 for ULSD#2, $2.19 for ULSD#1, and $1.81 per gallon for E-70 prices.

Heating Fuels

  • Propane prices rose 28 cents with a statewide average of $1.74 per gallon. 
  • Home heating oil rose 9 cents from last week, ending with a statewide average of $2.32 per gallon.
  • Natural gas prices rose 21 cents at the Henry Hub reporting site and are currently priced at $3.10/MMbtu.


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