DES MOINES, Iowa (June 26, 2024) – The price of regular unleaded gasoline rose 13 cents, averaging $3.31 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.73 per barrel over last week, currently priced at $80.90.
  • Brent crude oil rose by $3.80 and is currently priced at $85.20.
  • One year ago, WTI crude sold for $69.37 and Brent crude was at $73.86.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.31 across Iowa according to AAA. 
    • Prices rose 13 cents from last week’s price and are down 5 cents from a year ago. 
    • The national average on Wednesday was $3.49, up 4 cents from last week’s price.
  • Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $3.51. 
    • One year ago, diesel prices averaged $3.64 in Iowa. 
    • The current Iowa diesel price is 30 cents lower than the national average of $3.81.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.33 for U87-E10, $2.61 for Unleaded 87 (clear), $2.50 for ULSD#2, $2.74 for ULSD#1, and $2.27 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices fell 12 cents at the Henry Hub reporting site and are currently priced at $2.76/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.