The price of regular unleaded gasoline held steady, averaging $3.24 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $9.96 per barrel, currently priced at $66.51.
  • Brent crude oil fell $9.86 and is currently priced at $72.54.
  • One year ago, WTI crude sold for $96.44 and Brent crude was at $105.14.

Motor Fuels

  • As of Wednesday, March 15, the price of regular unleaded gasoline averaged $3.24 across Iowa according to AAA. 
    • Prices held steady from last week’s price and are 67 cents lower than one year ago. 
    • The national average on Wednesday was $3.47, up 2 cents from last week’s price.
  • Retail diesel prices in Iowa were up 1 cent this week with a statewide average of $3.95. 
    • One year ago, diesel prices averaged $4.73 in Iowa. 
    • The current Iowa diesel price is 39 cents less than the national average of $4.34.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.27 for U87-E10, $2.63 for Unleaded 87 (clear), $2.78 for ULSD#2, $3.27 for ULSD#1, and $2.31 per gallon for E-70 prices.

Heating Fuels

  • Propane prices held steady with a statewide average of $1.93 per gallon.
  • Home heating oil prices fell 8 cents, with a statewide average of $3.43 per gallon.
  • Natural gas prices fell 16 cents at the Henry Hub reporting site and are currently priced at $2.42/MMbtu.