Natural Gas Prices Drop Drastically – Weekly Fuel Report

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $2.98 across Iowa according to AAA.
    • Prices fell 1 cent from last week’s price and are down 41 cents from a year ago.
    • The national average on Wednesday was $3.21, up 1 cent from last week’s price.
  • Retail diesel prices in Iowa rose 6 cents this week with a statewide average of $3.38.
    • One year ago, diesel prices averaged $4.27 in Iowa.
    • The current Iowa diesel price is 22 cents lower than the national average of $3.60.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.08 for U87-E10, $2.39 for Unleaded 87 (clear), $2.42 for ULSD#2, $2.71 for ULSD#1, and $1.87 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices fell 30 cents at the Henry Hub reporting site and are currently priced at $2.66/MMbtu.
  • Propane prices averaged $1.57 per gallon in Iowa.
  • Home heating oil prices had a statewide average of $2.91 per gallon.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.