Weekly Fuel Report

Weekly Fuel Report

May 19-25, 2022

DES MOINES, Iowa (May 25, 2022) – The price of regular unleaded gasoline rose 8 cents, averaging $4.23 across Iowa according to AAA.

Crude Oil Summary

·        The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.39 per barrel over last week, currently priced at $110.82.

·        Brent crude oil rose $4.66 and currently priced at $114.62.

·        One year ago, WTI crude sold for $66.07 and Brent crude was at $68.80.

Motor Fuels

·        As of Wednesday, May 25, the price of regular unleaded gasoline averaged $4.23 across Iowa according to AAA.

o   Prices rose 8 cents from last week’s price and $1.34 higher than one year ago.

o   The national average on Wednesday was $4.60, up 3 cents from last week’s price.

·        Retail diesel prices in Iowa were down 6 cents this week with a statewide average of $5.20.

o   One year ago, diesel prices averaged $3.05 in Iowa.

o   The current Iowa diesel price is 34 cents less than the national average of $5.54.

·        Wholesale ethanol held steady and is currently priced at $2.16.

·        The current Des Moines Terminal/Rack Prices are $3.39 for U87-E10, $3.85 for Unleaded 87 (clear), $3.77 for ULSD#2, $3.92 for ULSD#1, and $3.09 per gallon for E-70 prices.

Heating Fuels

·        Natural gas prices rose 97 cents at the Henry Hub reporting site and are currently priced at $9.23/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.