The price of regular unleaded gasoline rose 8 cents, averaging $4.76 across Iowa according to AAA.
Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.27 per barrel over last week, currently priced at $118.01.
  • Brent crude oil fell $2.24 and currently priced at $120.44.
  • One year ago, WTI crude sold for $72.12 and Brent crude was at $73.38.

Motor Fuels

  • As of Wednesday, June 15, the price of regular unleaded gasoline averaged $4.76 across Iowa according to AAA. 
    1. Prices rose 8 cents from last week’s price and $1.89 higher than one year ago. 
    2. The national average on Wednesday was $5.01, up 5 cents from last week’s price.
  • Retail diesel prices in Iowa were up 4 cents this week with a statewide average of $5.33. 
    1. One year ago, diesel prices averaged $3.05 in Iowa. 
    2. The current Iowa diesel price is 45 cents less than the national average of $5.78.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $3.79 for U87-E10, $4.38 for Unleaded 87 (clear), $4.45 for ULSD#2, $4.63 for ULSD#1, and $3.28 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices fell $1.98 at the Henry Hub reporting site and are currently priced at $7.61/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.