Week of October 11 fuel and energy price update courtesy of the Iowa Department of Agriculture
Author
Published
10/14/2021
The price of regular unleaded gasoline was up 5 cents this week, averaging $3.09 across Iowa.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.34 per barrel over last week, currently priced at $79.87.
- Brent crude oil rose $1.57 and currently priced at $82.63.
- One year ago, WTI crude sold for $40.20 and Brent crude was at $41.34.
Motor Fuels
- As of Wednesday, October 13, the price of regular unleaded gasoline averaged $3.09 across Iowa according to AAA.
- Prices were up 5 cents from last week’s price and $1.03 higher than one year ago.
- The national average on Wednesday was $3.29, up 7 cents from last week’s price.
- Retail diesel prices in Iowa were up 9 cents this week with a statewide average of $3.32.
- One year ago, diesel prices averaged $2.18 in Iowa.
- The current Iowa diesel price is 18 cents less than the national average of $3.50.
- Wholesale ethanol was steady and is currently priced at $2.21.
- The current Des Moines Terminal/Rack Prices are $2.27 for U87-E10, $2.48 for Unleaded 87 (clear), $2.56 for ULSD#2, $2.79 for ULSD#1, and $2.47 per gallon for E-70 prices.
Heating Fuels
- Propane prices were up 8 cents with a statewide average of $2.00 per gallon.
- Home heating oil prices rose 5 cents, with a statewide average of $3.05 per gallon.
- Natural gas prices fell 44 cents at the Henry Hub reporting site and are currently priced at $5.42/MMbtu.
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