DES MOINES, Iowa (July 31, 2024) – The price of regular unleaded gasoline fell 4 cents, averaging $3.24 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.39 per barrel over last week, currently priced at $77.40.
  • Brent crude oil fell by $.31 and is currently priced at $80.69.
  • One year ago, WTI crude sold for $81.80 and Brent crude was at $85.22.


 Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.24 across Iowa according to AAA. 
    • Prices fell 4 cents from last week’s price and are down 37 cents from a year ago. 
    • The national average on Wednesday was $3.49, down 2 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 $3.86 in Iowa. 
    • The current Iowa diesel price is 31 cents lower than the national average of $3.82.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.30 for U87-E10, $2.58 for Unleaded 87 (clear), $2.35 for ULSD#2, $2.61 for ULSD#1, and $2.07 per gallon for E-70 prices.


 Heating Fuels

  • Natural gas prices fell 9 cents at the Henry Hub reporting site and are currently priced at $2.06/MMbtu.