Iowa gas prices up $.02

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For Immediate Release: Thursday, Aug. 2, 2018


DES MOINES – The price of Iowa regular unleaded gas rose $.02 this week, closing at $2.73 per gallon.

Crude Oil Summary

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $0.55 per barrel over last week, and is currently priced at $68.74.

Brent crude oil rose $0.31 and is currently priced at $74.25.

One year ago WTI crude sold for $45.30 and Brent crude was at $48.01.


Motor Fuels

As of Tuesday, July 31, the price of regular unleaded gasoline averaged $2.73 across Iowa according to AAA. This is $.02 higher than last week and $.59 higher than one year ago. The national average on Tuesday was $2.86, up $0.01 from last week’s price.

Retail diesel fuel prices in Iowa were $.01 higher than last week’s price with a statewide average of $3.08. One year ago diesel prices averaged $2.34 in Iowa. The current Iowa diesel price is $.07 less than the national average of $3.15.

Wholesale ethanol prices were up $.04 from last week’s price, currently at $1.46.

The current Des Moines Terminal/Rack Prices are $2.09 for U87-E10, $2.30 for Unleaded 87 (clear), ULSD#2 is at $2.28, ULSD#1 is at $2.46, and E-70 is priced at $1.72 per gallon.


Heating Fuels

Natural Gas prices rose $.04 at the Henry Hub reporting site and ended the week at $2.76/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 and at

fuel report


For more information, contact Dustin Vande Hoef, (515) 281-3375 or (515) 326-1616 (cell) or