The price of regular unleaded gasoline fell 8 cents, averaging $3.03 across Iowa according to AAA. 

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.20 per barrel over last week, currently priced at $77.15.
  • Brent crude oil rose $1.43 and is currently priced at $81.67.
  • One year ago, WTI crude sold for $86.92 and Brent crude was at $94.30.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.03 across Iowa according to AAA. 
    • Prices fell 8 cents from last week’s price and are down 47 cents from a year ago. 
    • The national average on Wednesday was $3.35, down 6 cents from last week’s price.
  • Retail diesel prices in Iowa fell 13 cents this week with a statewide average of $4.24. 
    • One year ago, diesel prices averaged $5.06 in Iowa. 
    • The current Iowa diesel price is 10 cents lower than the national average of $4.34.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.10 for U87-E10, $2.35 for Unleaded 87 (clear), $2.81 for ULSD#2, $3.24 for ULSD#1, and $2.10 per gallon for E-70 prices.

Heating Fuels

  • Propane prices held steady with a statewide average of $1.54 per gallon.
  • Home heating oil prices fell 9 cents, with a statewide average of $3.49 per gallon
  • Natural gas prices rose 10 cents at the Henry Hub reporting site and are currently priced at $3.19/MMbtu