The price of regular unleaded gasoline rose 8 cents, averaging $4.23 across Iowa according to AAA. 
 
 Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.39 per barrel over last week, currently priced at $110.82.
  • Brent crude oil rose $4.66 and currently priced at $114.62.
  • One year ago, WTI crude sold for $66.07 and Brent crude was at $68.80.


 Motor Fuels

  • As of Wednesday, May 25, the price of regular unleaded gasoline averaged $4.23 across Iowa according to AAA. 
    1. Prices rose 8 cents from last week’s price and $1.34 higher than one year ago. 
    2. The national average on Wednesday was $4.60, up 3 cents from last week’s price.
  • Retail diesel prices in Iowa were down 6 cents this week with a statewide average of $5.20. 
    1. One year ago, diesel prices averaged $3.05 in Iowa. 
    2. The current Iowa diesel price is 34 cents less than the national average of $5.54.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $3.39 for U87-E10, $3.85 for Unleaded 87 (clear), $3.77 for ULSD#2, $3.92 for ULSD#1, and $3.09 per gallon for E-70 prices.


 Heating Fuels

  • Natural gas prices rose 97 cents at the Henry Hub reporting site and are currently priced at $9.23/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.