DES MOINES, Iowa (July 3, 2024) – The price of regular unleaded gasoline rose 1 cent, averaging $3.32 across Iowa according to AAA.


 Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.31 per barrel over last week, currently priced at $83.21.
  • Brent crude oil rose by $1.50 and is currently priced at $86.70.
  • One year ago, WTI crude sold for $69.79 and Brent crude was at $74.52.


 Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.32 across Iowa according to AAA. 
    • Prices rose 1 cent from last week’s price and are down 2 cents from a year ago. 
    • The national average on Wednesday was $3.51, up 2 cents from last week’s price.
  • Retail diesel prices in Iowa rose 8 cents this week with a statewide average of $3.59. 
    • One year ago, diesel prices averaged $3.59 in Iowa. 
    • The current Iowa diesel price is 25 cents lower than the national average of $3.84.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.39 for U87-E10, $2.68 for Unleaded 87 (clear), $2.65 for ULSD#2, $2.90 for ULSD#1, and $2.25 per gallon for E-70 prices.


 Heating Fuels

  • Natural gas prices fell 33 cents at the Henry Hub reporting site and are currently priced at $2.43/MMbtu.