The price of regular unleaded gasoline rose 7 cents, averaging $3.01 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.03 per barrel over last week, currently priced at $77.47.
  • Brent crude oil rose $1.21 and is currently priced at $82.66.
  • One year ago, WTI crude sold for $76.16 and Brent crude was at $82.14.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.01 across Iowa according to AAA. 
    • Prices rose 7 cents from last week’s price and are down 20 cents from a year ago. 
    • The national average on Wednesday was $3.27, up 1 cent from last week’s price.
  • Retail diesel prices in Iowa rose 3 cents this week with a statewide average of $3.83. 
    • One year ago, diesel prices averaged $4.06 in Iowa. 
    • The current Iowa diesel price is 27 cents lower than the national average of $4.10.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.11 for U87-E10, $2.40 for Unleaded 87 (clear), $2.66 for ULSD#2, $2.94 for ULSD#1, and $1.78 per gallon for E-70 prices.

Heating Fuels

  • Propane prices averaged $1.59 per gallon statewide.
  • Home heating oil prices averaged $3.27 per gallon statewide.
  • Natural gas prices rose 15 cents at the Henry Hub reporting site and are currently priced at $1.76/MMbtu