DES MOINES — The price of regular unleaded gasoline fell 5 cents from last week’s price and is currently averaging $2.50 across Iowa according to AAA.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by 40 cents per barrel, and is currently priced at $63.34.
- Brent crude oil fell by 44 cents and is currently priced at $67.56.
- One year ago, WTI crude sold for $73.04 and Brent crude was $76.58.
Motor Fuels
- As of Wednesday, the price of regular unleaded gasoline averaged $2.50 across Iowa according to AAA.
- Prices fell 5 cents from last week’s price and are down 39 cents from a year ago.
- The national average on Wednesday was $2.89, up 1 cent from last week’s price.
- Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.37.
- One year ago, diesel prices averaged $3.42 in Iowa.
- The current Iowa diesel price is 27 cents lower than the national average of $3.64.
- The current Des Moines Terminal/Rack Prices are $1.65 for U87-E10, $1.88 for Unleaded 87 (clear), $2.34 for ULSD#2, $2.66 for ULSD#1, and $1.74 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices were down 38 cents at the Henry Hub reporting site and are currently priced at $3.47 MMbtu.
- Propane prices averaged $1.62 per gallon in Iowa.
- Home heating oil prices had a statewide average of $2.92 per gallon.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
