The price of regular unleaded gasoline rose 11 cents, averaging $3.33 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, currently priced at $81.01.
  • Brent crude oil fell $.49 and is currently priced at $86.78.
  • One year ago, WTI crude sold for $85.60 and Brent crude was at $89.49.

Motor Fuels

  • As of Wednesday, January 25, the price of regular unleaded gasoline averaged $3.33 across Iowa according to AAA.  
    • Prices rose 11 cents from last week’s price and 18 cents higher than one year ago. 
    • The national average on Wednesday was $3.48, up 12 cents from last week’s price.
  • Retail diesel prices in Iowa were up 9 cents this week with a statewide average of $4.30.  
    • One year ago, diesel prices averaged $3.48 in Iowa. 
    • The current Iowa diesel price is 36 cents less than the national average of $4.66.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.58 for U87-E10, $2.96 for Unleaded 87 (clear), $3.28 for ULSD#2, $4.01 for ULSD#1, and $2.42 per gallon for E-70 prices.

Heating Fuels

  • Propane prices were steady with a statewide average of $1.94 per gallon.
  • Home heating oil prices rose 17 cents, with a statewide average of $3.77 per gallon.
  • Natural gas prices fell $.41 at the Henry Hub reporting site and are currently priced at $2.96/MMbtu