DES MOINES –The Iowa average unleaded retail gasoline prices rose $.32 this week, closing at $4.02. The price of Mid-Grade Blend in Iowa (10% ethanol) also rose $.32, averaging $3.94 per gallon.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.95 per barrel over last week, closing at $96.16.
Brent crude oil fell in price this week by $1.28 per barrel, currently at $102.47.
One year ago WTI crude sold for $91.66 and Brent crude was at $109.76.
Motor Fuels
As of Tuesday, May 21st, the price of regular unleaded gasoline averaged $4.02 across Iowa according to AAA. This is up $.32 from last week and up $.54 from one year ago. The national average on Tuesday was $3.66, up $.07 from last week’s price.
Retail diesel fuel prices in Iowa were up a penny on the Tuesday report with a statewide average of $3.78. One year ago diesel prices averaged $3.83 in Iowa. The current Iowa diesel average is $.11 per gallon lower than the national average of $3.89.
Wholesale ethanol prices fell $.02 this week, closing at $2.63. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.94 per gallon, up $.32 from last week’s price and up $.54 from one year ago.
Heating Fuels
Natural Gas prices in Iowa were up $.19 from last week’s report, ending the week at $4.14 / MMbtu.
Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.
