The average price of gasoline in Iowa rose 11 cents this week, currently at $1.59 per gallon.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $7.92 per barrel over last week, currently priced at $23.61.
  • Brent crude oil rose $6.28 and currently priced at $29.46.
  • One year ago, WTI crude sold for $62.25 and Brent crude was at $71.95.

Motor Fuels

  • As of Wednesday, May 6, the price of regular unleaded gasoline averaged $1.59 across Iowa according to AAA.
    • Prices rose $.11 from last week’s price and $1.13 lower than one year ago.
    • The national average on Wednesday was $1.80 up $.03 from last week’s price.
  • Retail diesel prices in Iowa fell $.02 this week with a statewide average of $2.17.
    • One year ago, diesel prices averaged $3.01 in Iowa.
    • The current Iowa diesel price is $.26 less than the national average of $2.43.
  • Wholesale ethanol prices rose $.07, currently at $1.06.
  • The current Des Moines Terminal/Rack Prices are $0.87 for U87-E10, $0.99 for Unleaded 87 (clear), ULSD#2 is at $.96, ULSD#1 is at $1.01, and E-70 priced at $1.07 per gallon.

Heating Fuels

  • Natural Gas prices rose $.06 at the Henry Hub reporting site and currently priced at $1.94/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.