Regular unleaded gasoline averaged $2.89 across Iowa, up 9 cents from last week.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.63 per barrel over last week, currently priced at $66.00.
  • Brent crude oil rose $.58 and currently priced at $69.26.
  • One year ago, WTI crude sold for $25.78 and Brent crude was at $26.67.

Motor Fuels

  • As of Wednesday, May 12, the price of regular unleaded gasoline averaged $2.89 across Iowa according to AAA.
    • Prices were up 9 cents from last week’s price and $1.17 higher than one year ago.
    • The national average on Wednesday was $3.01, up 8 cents from last week’s price.
  • Retail diesel prices in Iowa rose 3 cents this week with a statewide average of $3.05.
    • One year ago, diesel prices averaged $2.15 in Iowa.
    • The current Iowa diesel price is 9 cents less than the national average of $3.14.
  • Wholesale ethanol fell 10 cents and is currently priced at $2.34.
  • The current Des Moines Terminal/Rack Prices are $2.05 for U87-E10, $2.26 for Unleaded 87 (clear), $2.15 for ULSD#2, $2.31 for ULSD#1, and $2.55 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices rose 3 cents at the Henry Hub reporting site and are currently priced at $2.97/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.