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Iowa Ag News Headlines
Unleaded Gas Down 12-Cents, Retail Diesel Falls 7-Cents
Iowa Ag Connection - 11/23/2022

Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.98.

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.97 per barrel over last week, currently priced at $81.12.

Brent crude oil fell $3.77 and currently priced at $88.65.

One year ago, WTI crude sold for $76.75 and Brent crude was at $80.97.

As of Tuesday, the price of regular unleaded gasoline averaged $3.38 across Iowa according to AAA. Prices fell 12 cents from last week's price and $.23 higher than one year ago. The national average on Wednesday was $3.64 down 10 cents from last week's price.

Retail diesel prices in Iowa were down 7 cents this week with a statewide average of $4.98. One year ago, diesel prices averaged $3.45 in Iowa. The current Iowa diesel price is 31 cents less than the national average of $5.29.

Wholesale ethanol held steady and is currently priced at $2.16.

The current Des Moines Terminal/Rack Prices are $2.04 for U87-E10, $2.38 for Unleaded 87 (clear), $3.42 for ULSD#2, $4.72 for ULSD#1, and $2.47 per gallon for E-70 prices.

Natural gas prices rose 81 cents at the Henry Hub reporting site and are currently priced at $6.65/MMbtu

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


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