Week of May 16 fuel and energy price update courtesy of the Iowa Department of Agriculture
The price of regular unleaded gasoline rose 3 cents, averaging $4.15 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.59 per barrel over last week, currently priced at $110.43.
- Brent crude oil rose $2.08 and currently priced at $109.96.
- One year ago, WTI crude sold for $65.49 and Brent crude was at $69.01.
- As of Wednesday, May 18, the price of regular unleaded gasoline averaged $4.15 across Iowa according to AAA.
- Prices rose 3 cents from last week’s price and $1.25 higher than one year ago.
- The national average on Wednesday was $4.57, up 17 cents from last week’s price.
- One year ago, diesel prices averaged $3.06 in Iowa.
- The current Iowa diesel price is 32 cents less than the national average of $5.58.
- Natural gas prices rose 72 cents at the Henry Hub reporting site and are currently priced at $8.26/MMbtu.
- Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
Want more news on this topic? Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!