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Week of March 1 fuel and energy price update courtesy of the Iowa Department of Agriculture

Week of March 1 fuel and energy price update courtesy of the Iowa Department of Agriculture

Average unleaded gasoline prices rose 9 cents across Iowa and are currently priced at $2.74.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.20 per barrel over last week, currently priced at $61.80.
  • Brent crude oil fell $2.50 and currently priced at $64.45.
  • One year ago, WTI crude sold for $47.18 and Brent crude was at $52.24.

Motor Fuels

  • As of Wednesday, March 3, the price of regular unleaded gasoline averaged $2.74 across Iowa according to AAA.
    • Prices were up 9 cents from last week’s price and 47 cents higher than one year ago.
    • The national average on Wednesday was $2.74, up 8 cents from last week’s price.
  • Retail diesel prices in Iowa rose 11 cents this week with a statewide average of $2.95.
    • One year ago, diesel prices averaged $2.64 in Iowa.
    • The current Iowa diesel price is 1 cent less than the national average of $2.96.
  • Wholesale ethanol rose 9 cents and is currently priced at $1.78.
  • The current Des Moines Terminal/Rack Prices are $1.95 for U87-E10, $2.22 for Unleaded 87 (clear), $2.15 for ULSD#2, $2.40 for ULSD#1, and $1.91 per gallon for E-70 prices.

Heating Fuels

  • Propane prices fell 12 cents with a statewide average of $1.99 per gallon. 
  • Home heating oil rose 17 cents from last week, ending with a statewide average of $2.54 per gallon.
  • Natural gas prices fell 1 cent at the Henry Hub reporting site and are currently priced at $2.83/MMbtu.


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