Week of July 30 fuel and energy price update
Author
Published
8/2/2018
DES MOINES – The price of Iowa regular unleaded gas rose $.02 this week, closing at $2.73 per gallon.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $0.55 per barrel over last week, and is currently priced at $68.74.
Brent crude oil rose $0.31 and is currently priced at $74.25.
One year ago WTI crude sold for $45.30 and Brent crude was at $48.01.
Motor Fuels
As of Tuesday, July 31, the price of regular unleaded gasoline averaged $2.73 across Iowa according to AAA. This is $.02 higher than last week and $.59 higher than one year ago. The national average on Tuesday was $2.86, up $0.01 from last week’s price.
Retail diesel fuel prices in Iowa were $.01 higher than last week’s price with a statewide average of $3.08. One year ago diesel prices averaged $2.34 in Iowa. The current Iowa diesel price is $.07 less than the national average of $3.15.
Wholesale ethanol prices were up $.04 from last week’s price, currently at $1.46.
The current Des Moines Terminal/Rack Prices are $2.09 for U87-E10, $2.30 for Unleaded 87 (clear), ULSD#2 is at $2.28, ULSD#1 is at $2.46, and E-70 is priced at $1.72 per gallon.
Heating Fuels
Natural Gas prices rose $.04 at the Henry Hub reporting site and ended the week at $2.76/MMbtu.
Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
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