Fuel Prices Decline Across Iowa as Oil Costs Drop

Gas and diesel prices fall amid lower global crude oil benchmarks

Published on Feb. 22, 2026

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Gas prices across Iowa have declined by an average of 9 cents per gallon for regular unleaded, now standing at $2.45 per gallon. Diesel prices also edged down 5 cents to $3.40 per gallon. The drop in pump prices coincides with falling global crude oil benchmarks, with West Texas Intermediate crude dropping $3.69 per barrel this week to $61.60 and Brent crude falling $2.48 to $67.72 per barrel.

Why it matters

The decline in fuel prices provides relief for Iowa drivers as the state emerges from the winter months. Lower gas and diesel costs can help offset other rising costs of living and support consumer spending in the local economy.

The details

According to AAA, the average price for regular unleaded gasoline in Iowa fell 9 cents from last week to $2.45 per gallon. Prices are now 57 cents lower than they were one year ago. The national average on Wednesday stood at $2.92 per gallon, down 2 cents from the previous week. Diesel prices also edged downward, with the statewide average for retail diesel dropping 5 cents to $3.40 per gallon.

  • On February 22, 2026, gas and diesel prices declined across Iowa.

The players

AAA

A federation of motor clubs that provides automotive, travel, and insurance services.

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The takeaway

The drop in fuel prices in Iowa provides much-needed relief for drivers and can help support consumer spending in the local economy as the state emerges from the winter months.