As of Wednesday, the price of regular unleaded gasoline averaged $3.03 across Iowa according to AAA, which is an 8 cent decline from last week. Even better, Iowans currently pay 47 cents less for the same gallon of unleaded gasoline than 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.
The current Iowa diesel price of $4.24 is 10 cents lower than the national average $4.34. These prices have dropped 13 cents from one week ago, and over 3 quarters of a dollar from last year’s price ($5.06)
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.
- 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
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.