Significant drop in Iowa retail fuel prices

Having trouble viewing this email? View it as a Web page.

IDALS naig header

For Immediate Release: Wednesday, Nov. 21, 2018


DES MOINES – The price of Iowa retail fuels dropped significantly with gasoline prices down $.14, closing at $2.37 per gallon, and diesel prices down $.07, closing at $3.13 per gallon.

Crude Oil Summary

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.32 per barrel over last week, currently priced at $54.42.

Brent crude oil fell $3.53 and is currently priced at $63.25.

One year ago, WTI crude sold for $56.83 and Brent crude was at $62.28.

Motor Fuels

As of Tuesday, November 20, the price of regular unleaded gasoline averaged $2.37 across Iowa according to AAA. This is $.14 lower than last week and $.15 lower than one year ago. The national average on Tuesday was $2.60, down $.08 from last week’s price.

Retail diesel fuel prices in Iowa were $.07 lower than last week’s price with a statewide average of $3.13. One year ago, diesel prices averaged $2.82 in Iowa. The current Iowa diesel price is $.09 less than the national average of $3.22.

Wholesale ethanol prices were $.01 higher than last week’s price, currently at $1.25.

The current Des Moines Terminal/Rack Prices are $1.58 for U87-E10, $1.75 for Unleaded 87 (clear), ULSD#2 is at $2.10, ULSD#1 is at $2.43, and E-70 is priced at $1.45 per gallon.

Heating Fuels

Propane prices were a penny lower than last week for a statewide average of $1.34 per gallon. Home heating oil was down $.03 from last week’s figures, ending with a statewide average of $2.63. Natural Gas prices fell $.08 at the Henry Hub reporting site and currently priced at $4.63/MMbtu.


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