The price of global crude oil dropped $3.78, currently priced at $52.36 per barrel. Brent crude oil fell $4.63, currently priced at $57.40 per barrel.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.78 per barrel over last week, currently priced at $52.36.
  • Brent crude oil fell $4.63, and it is currently priced at $57.40.
  • One year ago, WTI crude sold for $75.23 and Brent crude was at $85.63.

Motor Fuels

  • As of Tuesday, October 1, the price of regular unleaded gasoline averaged $2.46 across Iowa according to AAA.
    • This is $.04 lower than last week and $.41 lower than one year ago.
    • The national average on Tuesday was $2.66, holding steady at last week’s price.
  • Retail diesel prices in Iowa were $.01 lower than last week’s price with a statewide average of $2.85.
    • One year ago, diesel prices averaged $3.20 in Iowa.
    • The current Iowa diesel price is $.16 less than the national average of $3.01.
  • Wholesale ethanol prices rose $.02 from last week’s price, currently at $1.40.
  • The current Des Moines Terminal/Rack Prices are $1.72 for U87-E10, $1.98 for Unleaded 87 (clear), ULSD#2 is at $1.99, ULSD#1 is at $2.24, and E-70 is priced at $1.69 per gallon.

???????Heating Fuels

  • Natural Gas prices fell $.26 at the Henry Hub reporting site and currently priced at $2.26/MMbtu.
  • Continuing throughout the summer months, we will only report retail-heating oil and propane prices in Iowa once a month.???????