The price of regular unleaded gasoline rose 6 cents, averaging $3.41 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.17 per barrel over last week, currently priced at $74.56.
  • Brent crude oil rose $3.06 and is currently priced at $78.43.
  • One year ago, WTI crude sold for $112.34 and Brent crude was at $115.77.

 Motor Fuels

  • As of Wednesday, May 24, the price of regular unleaded gasoline averaged $3.41 across Iowa according to AAA. 
    • Prices rose 6 cents from last week’s price and 76 cents lower than one year ago. 
    • The national average on Wednesday was $3.56, up 3 cents from last week’s price.
  • Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.73. 
    • One year ago, diesel prices averaged $5.21 in Iowa. 
    • The current Iowa diesel price is 26 cents less than the national average of $3.99.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.53 for U87-E10, $2.94 for Unleaded 87 (clear), $2.59 for ULSD#2, $3.13 for ULSD#1, and $2.56 per gallon for E-70 prices.

 Heating Fuels

  • Natural gas prices rose 19 cents at the Henry Hub reporting site and are currently priced at $2.54/MMbtu