Week of March 23 fuel and energy price update courtesy of the Iowa Department of Agriculture

The average price of gasoline in Iowa fell 12 cents this week, currently at $1.88 per gallon.

Crude Oil Summary

• The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.61 per barrel over last week, currently priced at $23.58.
• Brent crude oil rose $.84 and currently priced at $26.95.
• One year ago, WTI crude sold for $58.82 and Brent crude was at $67.37.

Motor Fuels

• As of Wednesday, March 25, the price of regular unleaded gasoline averaged $1.88 across Iowa according to AAA.
• Prices fell $.12 from last week’s price and $.70 lower than one year ago.
• The national average on Thursday was $2.09 down $.13 from last week’s price.
• Retail diesel prices in Iowa fell $.09 this week with a statewide average of $2.41.
• One year ago, diesel prices averaged $2.95 in Iowa.
• The current Iowa diesel price is $.24 less than the national average of $2.65.
• Wholesale ethanol prices fell $.06, currently at $0.90.
• The current Des Moines Terminal/Rack Prices are $0.44 for U87-E10, $0.63 for Unleaded 87 (clear), ULSD#2 is at $1.17, ULSD#1 is at $1.27, and E-70 priced at $.91 per gallon.

Heating Fuels

• Propane prices fell $.04 with a statewide average of $1.14 per gallon.
• Home heating oil prices fell $.20, with a statewide average of $1.69 per gallon.
• Natural Gas prices rose $.06 at the Henry Hub reporting site and currently priced at $1.67/MMbtu.