DES MOINES – The price of retail gasoline in Iowa dropped $.06 this week, closing at $2.60 per gallon. Nationally, retail gasoline prices fell $.08, closing at $2.72 per gallon.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.14 per barrel over last week, currently priced at $51.92.
- Brent crude oil rose $.22, and it is currently priced at $60.99.
- One year ago, WTI crude sold for $66.36 and Brent crude was at $74.86.
- As of Tuesday, June 11, the price of regular unleaded gasoline averaged $2.60 across Iowa according to AAA.
- This is $.06 higher than last week and $.19 lower than one year ago.
- The national average on Tuesday was $2.72, $.08 lower than last week’s price.
- Retail diesel fuel prices in Iowa were $.05 lower than last week’s price with a statewide average of $2.92.
- One year ago, diesel prices averaged $3.16 in Iowa.
- The current Iowa diesel price is $.12 less than the national average of $3.04.
- Wholesale ethanol prices rose $.06 from last week’s price, currently at $1.53.
- The current Des Moines Terminal/Rack Prices are $1.71 for U87-E10, $1.87 for Unleaded 87 (clear), ULSD#2 is at $1.86, ULSD#1 is at $2.19, and E-70 is priced at $1.63 per gallon.
- Natural Gas prices rose $.02 at the Henry Hub reporting site and currently priced at $2.39/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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