Fuel & Energy Price Update (Courtesy of the Iowa Department of Agriculture & Land Stewardship): Week of June 24
Author
Published
6/27/2024
DES MOINES, Iowa (June 26, 2024) – The price of regular unleaded gasoline rose 13 cents, averaging $3.31 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.73 per barrel over last week, currently priced at $80.90.
- Brent crude oil rose by $3.80 and is currently priced at $85.20.
- One year ago, WTI crude sold for $69.37 and Brent crude was at $73.86.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $3.31 across Iowa according to AAA.
- Prices rose 13 cents from last week’s price and are down 5 cents from a year ago.
- The national average on Wednesday was $3.49, up 4 cents from last week’s price.
- Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $3.51.
- One year ago, diesel prices averaged $3.64 in Iowa.
- The current Iowa diesel price is 30 cents lower than the national average of $3.81.
- Wholesale ethanol held steady and is currently priced at $2.16.
- The current Des Moines Terminal/Rack Prices are $2.33 for U87-E10, $2.61 for Unleaded 87 (clear), $2.50 for ULSD#2, $2.74 for ULSD#1, and $2.27 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices fell 12 cents at the Henry Hub reporting site and are currently priced at $2.76/MMbtu.
- Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
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