Weekly Fuel Report September 7th

Weekly Fuel Report

DES MOINES, Iowa (Sept. 6, 2023) – The price of regular unleaded gasoline fell 2 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 $5.30 per barrel over last week, currently priced at $86.37.
  • Brent crude oil rose $4.26 and is currently priced at $89.52.
  • One year ago, WTI crude sold for $86.88 and Brent crude was at $91.43.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $3.58 across Iowa according to AAA.
    • Prices fell 2 cents from last week’s price and are up 15 cents from a year ago.
    • The national average on Wednesday was $3.80, down 3 cents from last week’s price.
  • Retail diesel prices in Iowa rose 1 cent this week with a statewide average of $4.26.
    • One year ago, diesel prices averaged $4.93 in Iowa.
    • The current Iowa diesel price is 19 cents less than the national average of $4.45.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.76 for U87-E10, $3.23 for Unleaded 87 (clear), $3.31 for ULSD#2, $3.81 for ULSD#1, and $2.56 per gallon for E-70 prices.

Heating Fuels

  • Natural gas prices fell 21 cents at the Henry Hub reporting site and are currently priced at $2.53/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.