Weekly Fuel Report

DES MOINES, Iowa (Jul. 20, 2023) – The price of regular unleaded gasoline rose 4 cents, averaging $3.37 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 and is currently priced at $75.70.

·        Brent crude oil fell $.17 and is currently priced at $79.60.

·        One year ago, WTI crude sold for $102.26 and Brent crude was priced at $115.86.

Motor Fuels

·        As of Thursday, the price of regular unleaded gasoline averaged $3.37 across Iowa according to AAA.

o   Prices rose 4 cents from last week’s price and are $.87 lower than one year ago.

o   The national average on Thursday was $3.58, up 4 cents from last week’s price.

·        Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $3.60.

o   One year ago, diesel prices averaged $5.16 in Iowa.

o   The current Iowa diesel price is 27 cents less than the national average of $3.87.

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

·        The current Des Moines Terminal/Rack Prices are $2.49 for U87-E10, $2.84 for Unleaded 87 (clear), $2.67 for ULSD#2, $3.18 for ULSD#1, and $2.60 per gallon for E-70 prices.

Heating Fuels

·        Natural gas prices rose 13 cents at the Henry Hub reporting site and are currently priced at $2.76/MMbtu.

·        We will continue reporting retail heating oil and propane prices in Iowa in September.

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