The price of regular unleaded gasoline fell 2 cents, averaging $3.18 across Iowa according to AAA.  

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.49 per barrel over last week, currently priced at $79.45.
  • Brent crude oil fell $1.72 and currently priced at $81.43.
  • One year ago, WTI crude sold for $41.43 and Brent crude was at $42.54.

 Motor Fuels

  • As of Wednesday, November 17, the price of regular unleaded gasoline averaged $3.18 across Iowa according to AAA. 
    1. Prices fell 2 cents from last week’s price and $1.20 higher than one year ago. 
    2. The national average on Wednesday was $3.41, down 1 cent from last week’s price.
  • Retail diesel prices in Iowa were down 1 cent this week with a statewide average of $3.46. 
    1. One year ago, diesel prices averaged $2.20 in Iowa. 
    2. The current Iowa diesel price is 18 cents less than the national average of $3.64.
  • Wholesale ethanol was steady and is currently priced at $2.21.
  • The current Des Moines Terminal/Rack Prices are $2.29 for U87-E10, $2.36 for Unleaded 87 (clear), $2.43 for ULSD#2, $2.68 for ULSD#1, and $3.10 per gallon for E-70 prices.

 Heating Fuels

  • Propane prices fell 3 cents with a statewide average of $1.98 per gallon.
  • Home heating oil prices fell 13 cents, with a statewide average of $2.95 per gallon.
  • Natural gas prices fell 1 cent at the Henry Hub reporting site and are currently priced at $4.88/MMbtu.