Weekly Fuel Report – Fuel Jumps in Price

Weekly Fuel Report

DES MOINES, Iowa (July 27, 2023) – The price of regular unleaded gasoline rose 21 cents, averaging $3.58 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.84 per barrel over last week, currently priced at $80.54.
  • Brent crude oil rose $4.83 and is currently priced at $84.43.
  • One year ago, WTI crude sold for $97.26 and Brent crude was at $109.64.

Motor Fuels

  • As of Thursday, the price of regular unleaded gasoline averaged $3.58 across Iowa according to AAA.
    • Prices rose 21 cents from last week’s price and $.42 lower than one year ago.
    • The national average on Thursday was $3.71, up 13 cents from last week’s price.
  • Retail diesel prices in Iowa rose 14 cents this week with a statewide average of $3.74.
    • One year ago, diesel prices averaged $5.01 in Iowa.
    • The current Iowa diesel price is 21 cents less than the national average of $3.95.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.72 for U87-E10, $3.10 for Unleaded 87 (clear), $2.84 for ULSD#2, $3.35 for ULSD#1, and $2.65 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices fell 20 cents at the Henry Hub reporting site and are currently priced at $2.56/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.


About the Iowa Department of Agriculture and Land Stewardship

Led by Secretary Mike Naig, the Department of Agriculture and Land Stewardship serves the rural and urban residents that call Iowa home. Through its 14 diverse bureaus, the Department ensures animal health, food safety and consumer protection. It also promotes conservation efforts to preserve our land and enhance water quality for the next generation. Learn more at iowaagriculture.gov.