Weekly Fuel Report

DES MOINES, Iowa (Dec. 24, 2024) – The price of regular unleaded gasoline rose 3 cents, averaging $2.77 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $0.56 per barrel over last week, currently priced at $70.18.
• Brent crude oil fell by $.03 and is currently priced at $73.61.
• One year ago, WTI crude sold for $75.84 and Brent crude was $80.97.

Motor Fuels

• As of Tuesday, the price of regular unleaded gasoline averaged $2.77 across Iowa according to AAA.
  • Prices rose 3 cents from last week’s price and are down 5 cents from a year ago.
  • The national average on Tuesday was $3.04, up 1 cent from last week’s price.
• Retail diesel prices in Iowa held steady this week with a statewide average of $3.29.
  • One year ago, diesel prices averaged $3.70 in Iowa.
  • The current Iowa diesel price is 22 cents lower than the national average of $3.51.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.88 for U87-E10, $2.06 for Unleaded 87 (clear), $2.20 for ULSD#2, $2.44 for ULSD#1, and $1.82 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up $0.09 at the Henry Hub reporting site and are currently priced at $3.47/MMbtu.
• Propane prices averaged $1.57 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.83 per gallon.

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