Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.98. 

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.97 per barrel over last week, currently priced at $81.12.
  • Brent crude oil fell $3.77 and currently priced at $88.65.
  • One year ago, WTI crude sold for $76.75 and Brent crude was at $80.97.

Motor Fuels

  • As of Tuesday, November 22, the price of regular unleaded gasoline averaged $3.38 across Iowa according to AAA. 
    • Prices fell 12 cents from last week’s price and $.23 higher than one year ago. 
    • The national average on Wednesday was $3.64 down 10 cents from last week’s price.
  • Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.98. 
    • One year ago, diesel prices averaged $3.45 in Iowa. 
    • The current Iowa diesel price is 31 cents less than the national average of $5.29.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.04 for U87-E10, $2.38 for Unleaded 87 (clear), $3.42 for ULSD#2, $4.72 for ULSD#1, and $2.47 per gallon for E-70 prices.

 Heating Fuels

  • Natural gas prices rose 81 cents at the Henry Hub reporting site and are currently priced at $6.65/MMbtu