Natural gas prices rose 12 cents at the Henry Hub reporting site and are currently priced at $3.27/MMbtu.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.60 per barrel over last week, currently priced at $72.04.
  • Brent crude oil rose $1.47 and currently priced at $74.23.
  • One year ago, WTI crude sold for $38.38 and Brent crude was at $40.75.

Motor Fuels

  • As of Wednesday, June 16, the price of regular unleaded gasoline averaged $2.88 across Iowa according to AAA.
    • Prices were steady from last week’s price and $.84 higher than one year ago.
    • The national average on Wednesday was $3.08, up 1 cent from last week’s price.
  • Retail diesel prices in Iowa were down 1 cent this week with a statewide average of $3.05.
    • One year ago, diesel prices averaged $2.19 in Iowa.
    • The current Iowa diesel price is 17 cents less than the national average of $3.22.
  • Wholesale ethanol was unchanged and is currently priced at $2.46.
  • The current Des Moines Terminal/Rack Prices are $2.04 for U87-E10, $2.28 for Unleaded 87 (clear), $2.19 for ULSD#2, $2.34 for ULSD#1, and $2.38 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices rose 12 cents at the Henry Hub reporting site and are currently priced at $3.27/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.