Not Much Change for Gas Prices This Week – Weekly Fuel Report

The price of regular unleaded gasoline fell 2 cents, averaging $3.28 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.99 per barrel over last week, currently priced at $78.40.
  • Brent crude oil fell by $2.64 and is currently priced at $83.07.
  • One year ago, WTI crude sold for $73.16 and Brent crude was at $77.76.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.28 across Iowa according to AAA.
    • Prices fell 2 cents from last week’s price and are down 2 cents from a year ago.
    • The national average on Wednesday was $3.64, down 2 cents from last week’s price.
  • Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.69.
    • One year ago, diesel prices averaged $3.79 in Iowa.
    • The current Iowa diesel price is 28 cents lower than the national average of $3.97.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.31 for U87-E10, $2.63 for Unleaded 87 (clear), $2.49 for ULSD#2, $2.76 for ULSD#1, and $1.99 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices rose 29 cents at the Henry Hub reporting site and are currently prices at $2.21/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.