Natural gas prices rose 22 cents at the Henry Hub reporting site and are currently priced at $2.69/MMbtu.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.20 per barrel and is currently priced at $52.22.
    • Brent crude oil fell $.85 and currently priced at $55.59.
    • One year ago, WTI crude sold for $53.14 and Brent crude was at $58.54.

Motor Fuels

  • As of Wednesday, Jan. 27, the price of regular unleaded gasoline averaged $2.33 across Iowa according to AAA.
    • Prices were steady from last week’s price and 1 cent lower than one year ago.
    • The national average on Wednesday was $2.41, up 2 cents from last week’s price.
  • Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $2.51.
    • One year ago, diesel prices averaged $2.82 in Iowa.
    • The current Iowa diesel price is 13 cents less than the national average of $2.64.
  • Wholesale ethanol fell 10 cents, currently at $1.53.
  • The current Des Moines Terminal/Rack Prices are $1.54 for U87-E10, $1.69 for Unleaded 87 (clear), $1.69 for ULSD#2 and $1.79 for ULSD#1. E-70 is priced at $1.63 per gallon.

Heating Fuels

  • Propane prices were down 2 cents with a statewide average of $1.48 per gallon. 
  • Home heating oil rose 1 cent from last week, ending with a statewide average of $2.14 per gallon.
  • Natural gas prices rose 22 cents at the Henry Hub reporting site and are currently priced at $2.69/MMbtu.