Weekly Fuel Report

Weekly Fuel Report

April 23-29, 2020

DES MOINES, Iowa (April 29, 2020) – The average price of gasoline in Iowa fell 2 cents this week, currently at $1.48 per gallon.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.78 per barrel over last week, currently priced at $15.69.
  • Brent crude oil rose $2.85 and currently priced at $23.18.
  • One year ago, WTI crude sold for $63.50 and Brent crude was at $71.22.

Motor Fuels

  • As of Wednesday, April 29, the price of regular unleaded gasoline averaged $1.48 across Iowa according to AAA.
    • Prices fell $.02 from last week’s price and $1.26 lower than one year ago.
    • The national average on Wednesday was $1.77 down $.03 from last week’s price.
  • Retail diesel prices in Iowa fell $.03 this week with a statewide average of $2.19.
    • One year ago, diesel prices averaged $3.02 in Iowa.
    • The current Iowa diesel price is $.26 less than the national average of $2.45.
  • Wholesale ethanol prices rose $.04, currently at $0.99.
  • The current Des Moines Terminal/Rack Prices are $0.63 for U87-E10, $0.73 for Unleaded 87 (clear), ULSD#2 is at $.74, ULSD#1 is at $.87, and E-70 priced at $.96 per gallon.

Heating Fuels

  • Natural Gas prices fell $.02 at the Henry Hub reporting site and currently priced at $1.88/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