DES MOINES – Brent crude oil fell in price this week by $5.07 per barrel, currently at $100.97. Regular unleaded gasoline in Iowa averaged $3.54, down ten cents from last week.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.12 per barrel over last week, closing at $95.32.
Brent crude oil fell in price this week by $5.07 per barrel, currently at $100.97.
One year ago WTI crude sold for $79.36 and Brent crude was at $90.19.
Motor Fuels
As of Tuesday, June 25th, the price of regular unleaded gasoline averaged $3.54 across Iowa according to AAA. This is down $.10 from last week and up $.09 from one year ago. The national average on Tuesday was $3.54, down $.06 from last week’s price.
Retail diesel fuel prices in Iowa were down a penny on the Tuesday report with a statewide average of $3.73. One year ago diesel prices averaged $3.58 in Iowa. The current Iowa diesel average is $.11 per gallon lower than the national average of $3.84.
Wholesale ethanol prices fell $.05 this week, closing at $2.45. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.45 per gallon, down $.09 from last week’s price and up $.08 from one year ago.
Heating Fuels
Natural Gas prices in Iowa were down $.14 from last week’s report, ending the week at $3.77 / MMbtu.
Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.
