Fuel Prices

Contact: Don McDowell
515-326-1616
don.mcdowell@iowaagriculture.gov

DES MOINES, Iowa (Dec. 24, 2024) – The price of regular unleaded gasoline rose 3 cents, averaging $2.77 across Iowa according to AAA.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $0.56 per barrel over last week, currently priced at $70.18.
• Brent crude oil fell by $.03 and is currently priced at $73.61.
• One year ago, WTI crude sold for $75.84 and Brent crude was $80.97.

Motor Fuels

• As of Tuesday, the price of regular unleaded gasoline averaged $2.77 across Iowa according to AAA.
  • Prices rose 3 cents from last week’s price and are down 5 cents from a year ago.
  • The national average on Tuesday was $3.04, up 1 cent from last week’s price.
• Retail diesel prices in Iowa held steady this week with a statewide average of $3.29.
  • One year ago, diesel prices averaged $3.70 in Iowa.
  • The current Iowa diesel price is 22 cents lower than the national average of $3.51.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $1.88 for U87-E10, $2.06 for Unleaded 87 (clear), $2.20 for ULSD#2, $2.44 for ULSD#1, and $1.82 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up $0.09 at the Henry Hub reporting site and are currently priced at $3.47/MMbtu.
• Propane prices averaged $1.57 per gallon in Iowa.
• Home heating oil prices had a statewide average of $2.83 per gallon.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.

About the Iowa Department of Agriculture and Land Stewardship

Led by Secretary Mike Naig, the Department of Agriculture and Land Stewardship serves the rural and urban residents that call Iowa home. Through its 14 diverse bureaus, the Department ensures animal health, food safety and consumer protection. It also promotes conservation efforts to preserve our land and enhance water quality for the next generation. Learn more at iowaagriculture.gov.