Gas prices up a couple cents in latest report

DES MOINES, Iowa (Mar. 5, 2025) – The price of regular unleaded gasoline rose 2 cents, averaging $2.98 across Iowa according to AAA.
Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.41 per barrel over last week, currently priced at $66.51.
• Brent crude oil fell by $3.28 and is currently priced at $69.60.
• One year ago, WTI crude sold for $79.11 and Brent crude was $85.82.

Motor Fuels

• As of Wednesday, the price of regular unleaded gasoline averaged $2.98 across Iowa according to AAA.
  • Prices rose 2 cents from last week’s price and are down 12 cents from a year ago.
  • The national average on Wednesday was $3.11, down 2 cents from last week’s price.
• Retail diesel prices in Iowa fell 3 cents this week with a statewide average of $3.41.
  • One year ago, diesel prices averaged $3.77 in Iowa.
  
  • The current Iowa diesel price is 25 cents lower than the national average of $3.66.
• Wholesale ethanol held steady and is currently priced at $2.16.
• The current Des Moines Terminal/Rack Prices are $2.12 for U87-E10, $2.32 for Unleaded 87 (clear), $2.32 for ULSD#2, $2.59 for ULSD#1, and $1.86 per gallon for E-70 prices.

Heating Fuels

• Natural gas prices were up $.35 at the Henry Hub reporting site and are currently priced at $4.34 MMbtu.
• Propane prices averaged $1.66 per gallon in Iowa.
• Home heating oil prices had a statewide average of $3.03 per gallon.

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