Price of gas & diesel dips slightly in Iowa; Natural gas jumps by more than 25 cents/btu
February 16th, 2025 by Ric Hanson
(Des Moines, Iowa) – The price of regular unleaded gasoline in Iowa fell two cents last week, to an average of $2.95/gallon, according to AAA. That’s four cents higher than a year ago. Nationally, the average price on Wednesday was $3.15/gallon, up two cents from the previous week. Retail diesel prices in Iowa fell 2 cents this past week, with a statewide average of $3.45. A year ago, diesel prices averaged $3.78 in Iowa. The current Iowa diesel price is 22 cents lower than the national average of $3.67.
Wholesale ethanol held steady and is currently priced at $2.16. Natural gas prices were up $.26 at the Henry Hub reporting site, and are currently priced at $3.54/MMbtu.
Propane prices averaged $1.67 per gallon in Iowa. Home heating oil prices had a statewide average of $3.02 per gallon.