The price of regular unleaded gasoline rose 1 cent, averaging $3.34 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.29 per barrel over last week, currently priced at $78.72.
  • Brent crude oil fell $1.79 and is currently priced at $84.99.
  • One year ago, WTI crude sold for $88.20 and Brent crude was at $90.24.

Motor Fuels

  • As of Wednesday, February 1, the price of regular unleaded gasoline averaged $3.34 across Iowa according to AAA. 
    • Prices rose 1 cent from last week’s price and are 15 cents higher than one year ago. 
    • The national average on Wednesday was $3.50 up 2 cents from last week’s price.
  • Retail diesel prices in Iowa were down 1 cent this week with a statewide average of $4.29. 
    • One year ago, diesel prices averaged $3.55 in Iowa. 
    • The current Iowa diesel price is 39 cents less than the national average of $4.68.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.48 for U87-E10, $2.85 for Unleaded 87 (clear), $3.15 for ULSD#2, $3.79 for ULSD#1, and $2.37 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 fell 6 cents, with a statewide average of $3.71 per gallon.
  • Natural gas prices fell $.39 at the Henry Hub reporting site and are currently priced at $2.57/MMbtu.