The average price of gasoline in Iowa fell 18 cents this week, currently at $2.00 per gallon.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $10.45 per barrel over last week, currently priced at $22.97.
  • Brent crude oil fell $10.15 and currently priced at $26.11.
  • One year ago, WTI crude sold for $59.73 and Brent crude was at $68.24.

Motor Fuels

  • As of Wednesday, March 18, the price of regular unleaded gasoline averaged $2.00 across Iowa according to AAA.
    • Prices fell $.18 from last week’s price and $.54 lower than one year ago.
    • The national average on Thursday was $2.22 down $.13 from last week’s price.
  • Retail diesel prices in Iowa fell $.10 this week with a statewide average of $2.50.
    • One year ago, diesel prices averaged $2.91 in Iowa.
    • The current Iowa diesel price is $.22 less than the national average of $2.72.
  • Wholesale ethanol prices fell $.28, currently at $0.96.
  • The current Des Moines Terminal/Rack Prices are $0.67 for U87-E10, $0.92 for Unleaded 87 (clear), ULSD#2 is at $1.12, ULSD#1 is at $1.23, and E-70 priced at $1.04 per gallon.

Heating Fuels

  • Propane prices fell $.04 with a statewide average of $1.18 per gallon. 
  • Home heating oil prices fell $.01, with a statewide average of $1.89 per gallon.
  • Natural Gas prices fell $.34 at the Henry Hub reporting site and currently priced at $1.61/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.