Unleaded Gas Prices Rise, Diesel Falls – Weekly Fuel Report

The price of regular unleaded gasoline rose 2 cents, averaging $3.30 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.14 per barrel and is currently priced at $81.39.
  • Brent crude oil fell by $1.98 and is currently priced at $85.71.
  • One year ago, WTI crude sold for $75.66 and Brent crude was at $76.71.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.30 across Iowa according to AAA.
    • Prices rose 2 cents from last week’s price and are down 10 cents from a year ago.
    • The national average on Wednesday was $3.66, unchanged from last week’s price.
  • Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.72.
    • One year ago, diesel prices averaged $3.88 in Iowa.
    • The current Iowa diesel price is 29 cents lower than the national average of $4.01.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.40 for U87-E10, $2.71 for Unleaded 87 (clear), $2.58 for ULSD#2, $2.84 for ULSD#1, and $1.99 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices fell 4 cents at the Henry Hub reporting site and are currently prices at $1.92/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

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