Weekly Fuel Report June 14th

Weekly Fuel Report

DES MOINES, Iowa (June 14, 2023) – The price of regular unleaded gasoline rose 1cent, averaging $3.36 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.84 per barrel over last week, currently priced at $69.98.
  • Brent crude oil fell $2.47 and is currently priced at $74.80.
  • One year ago, WTI crude sold for $118.93 and Brent crude was at $127.02.

Motor Fuels

  • As of Wednesday, June 14, the price of regular unleaded gasoline averaged $3.36 across Iowa according to AAA.
    • Prices rose 1 cent from last week’s price and $1.39 lower than one year ago.
    • The national average on Wednesday was $3.59, up 4 cents from last week’s price.
  • Retail diesel prices in Iowa fell 4 cents this week with a statewide average of $3.63.
    • One year ago, diesel prices averaged $5.33 in Iowa.
    • The current Iowa diesel price is 28 cents less than the national average of $3.91.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.40 for U87-E10, $2.76 for Unleaded 87 (clear), $2.49 for ULSD#2, $3.01 for ULSD#1, and $2.50 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices held steady at the Henry Hub reporting site and are currently priced at $2.34/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.