Gas and Diesel Prices Continue to Fall in Iowa

Iowa drivers are seeing continued relief at the pump as fuel prices dropped again this week.

According to AAA, the average price of regular unleaded gasoline in Iowa was $2.89 per gallon as of Wednesday. That marks a three-cent decrease from last week and a 31-cent drop compared to this time last year. Nationally, the average price for regular unleaded was $3.13, also down three cents from last week.

Diesel prices in Iowa followed a similar trend. Retail diesel fell by five cents this week to an average of $3.51 per gallon. A year ago, diesel in Iowa averaged $3.52. Iowa’s diesel prices remain below the national average of $3.70 by 19 cents.

Wholesale fuel costs also reflected current market conditions. On Wednesday, Des Moines Terminal/Rack Prices were reported at $1.97 for U87-E10, $2.26 for Unleaded 87 (clear), $2.37 for ULSD#2, $2.68 for ULSD#1, and $1.91 per gallon for E-70.