DES MOINES – The price of retail gasoline in Iowa was down $.04 cents this week, closing at $2.43 per gallon.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.04 per barrel over last week, currently priced at $55.93.
  • Brent crude oil rose $.06, and it is currently priced at $60.59.
  • One year ago, WTI crude sold for $68.53 and Brent crude was at $75.91.

Motor Fuels

  • As of Tuesday, August 27, the price of regular unleaded gasoline averaged $2.43 across Iowa according to AAA.
    • This is $.04 lower than last week and $.29 lower than one year ago.
    • The national average on Tuesday was $2.58, $.02 lower than last week’s price.
  • Retail diesel prices in Iowa were $.02 lower than last week’s price with a statewide average of $2.78.
    • One year ago, diesel prices averaged $3.08 in Iowa.
    • The current Iowa diesel price is $.15 less than the national average of $2.93.
  • Wholesale ethanol prices fell $.02 from last week’s price, currently at $1.33.
  • The current Des Moines Terminal/Rack Prices are $1.66 for U87-E10, $1.83 for Unleaded 87 (clear), ULSD#2 is at $1.85, ULSD#1 is at $2.14, and E-70 is priced at $1.51 per gallon.

Heating Fuels

  • Propane prices were down $.01 from last month for a statewide average of $1.11 per gallon.  Home heating oil was down 6 cents from last month, ending with a statewide average of $2.26 per gallon. Natural Gas prices rose $.09 at the Henry Hub reporting site and currently priced at $2.26/MMbtu.
  • Continuing throughout the summer months, we will only report retail-heating oil and propane prices in Iowa once a month.
Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.