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ISSN 2834-183X (Print)

ISSN 2834-1864 (Online)

Weekly Fuel Report

 

Weekly Fuel Report

DES MOINES, Iowa (Jan. 31, 2024) – The price of regular unleaded gasoline rose 12 cents, averaging $2.87 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.21 per barrel over last week, currently priced at $75.64.
  • Brent crude oil rose $1.31 and is currently priced at $81.68.
  • One year ago, WTI crude sold for $78.87 and Brent crude was at $83.42.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $2.87 across Iowa according to AAA.
    • Prices rose 12 cents from last week’s price and are down 46 cents from a year ago.
    • The national average on Wednesday was $3.14, up 4 cents from last week’s price.
  • Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $3.57.
    • One year ago, diesel prices averaged $4.30 in Iowa.
    • The current Iowa diesel price is 37 cents lower than the national average of $3.94.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $2.07 for U87-E10, $2.40 for Unleaded 87 (clear), $2.39 for ULSD#2, $2.70 for ULSD#1, and $1.86 per gallon for E-70 prices.

Heating Fuels

  • Propane prices averaged $1.58 per gallon statewide.
  • Home heating oil prices averaged $2.97 per gallon statewide.
  • Natural gas prices fell 53 cents at the Henry Hub reporting site and are currently priced at $2.12/MMbtu.

 

Weekly Fuel Report

DES MOINES, Iowa (Jan. 24, 2024) – The price of regular unleaded gasoline rose 2 cents, averaging $2.75 across Iowa according to AAA.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.66 per barrel and is currently priced at $75.43.
  • Brent crude oil rose $3.03 and is currently priced at $80.37.
  • One year ago, WTI crude sold for $80.13 and Brent crude was at $85.25.

Motor Fuels

  • As of Wednesday, the price of regular unleaded gasoline averaged $2.75 across Iowa according to AAA.
    • Prices rose 2 cents from last week’s price and are down 51 cents from a year ago.
    • The national average on Wednesday was $3.10, up 1 cent from last week’s price.
  • Retail diesel prices in Iowa held steady this week with a statewide average of $3.59.
    • One year ago, diesel prices averaged $4.24 in Iowa.
    • The current Iowa diesel price is 33 cents lower than the national average of $3.92.
  • Wholesale ethanol held steady and is currently priced at $2.16.
  • The current Des Moines Terminal/Rack Prices are $1.93 for U87-E10, $2.28 for Unleaded 87 (clear), $2.33 for ULSD#2, $2.64 for ULSD#1, and $1.81 per gallon for E-70 prices.

Heating Fuels

  • Propane prices averaged $1.57 per gallon statewide.
  • Home heating oil prices averaged $3.01 per gallon statewide.
  • Natural gas prices fell 18 cents at the Henry Hub reporting site and are currently priced at $2.65/MMbtu.

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