The price of regular unleaded gasoline fell 6 cents, averaging $2.97 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.45 per barrel over last week, currently priced at $77.60.
  • Brent crude oil rose $.43 and is currently priced at $82.10.
  • One year ago, WTI crude sold for $79.73 and Brent crude was at $88.44.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $2.97 across Iowa according to AAA. 
    • Prices fell 6 cents from last week’s price and are down 43 cents from a year ago. 
    • The national average on Wednesday was $3.30, down 5 cents from last week’s price.
  • Retail diesel prices in Iowa fell 7 cents this week with a statewide average of $4.17. 
    • One year ago, diesel prices averaged $5.00 in Iowa. 
    • The current Iowa diesel price is 11 cents lower than the national average of $4.28.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.08 for U87-E10, $2.31 for Unleaded 87 (clear), $2.73 for ULSD#2, $3.13 for ULSD#1, and $1.97 per gallon for E-70 prices.

Heating Fuels

  • Propane prices held steady with a statewide average of $1.54 per gallon.
  • Home heating oil prices fell 2 cents, with a statewide average of $3.47 per gallon
  • Natural gas prices fell 30 cents at the Henry Hub reporting site and are currently priced at $2.89/MMbtu