Regular unleaded gasoline prices across Iowa rose $.07, averaging $2.27.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.73 per barrel over last week, currently priced at $53.18.
  • Brent crude oil rose $1.96 and currently priced at $56.32.
  • One year ago, WTI crude sold for $58.08 and Brent crude was at $64.14.

Motor Fuels

  • As of Wednesday, January 13, the price of regular unleaded gasoline averaged $2.27 across Iowa according to AAA.
    • Prices were up $.07 from last week’s price and $.11 lower than one year ago.
    • The national average on Wednesday was $2.35, up $.08 from last week’s price.
  • Retail diesel prices in Iowa rose $.03 this week with a statewide average of $2.49.
    • One year ago, diesel prices averaged $2.86 in Iowa.
    • The current Iowa diesel price is $.12 less than the national average of $2.61.
  • Wholesale ethanol rose $.03, currently at $1.52.
  • The current Des Moines Terminal/Rack Prices are $1.52 for U87-E10, $1.64 for Unleaded 87 (clear), ULSD#2 is at $1.68, ULSD#1 is at $1.79, and E-70 priced at $1.63 per gallon.

Heating Fuels

  • Propane prices were up $.07 with a statewide average of $1.29 per gallon. 
  • Home heating oil rose $.07 from last week, ending with a statewide average of $2.09 per gallon.
  • Natural Gas prices rose $.07 at the Henry Hub reporting site and currently priced at $2.80/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.