Iowa Gas Prices Decline as Crude Oil Costs Drop

State average for regular gas falls 9 cents from last week to $2.45 per gallon

Published on Feb. 23, 2026

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Gas prices across Iowa have trended lower this week, with the statewide average for regular unleaded gasoline dropping 9 cents to $2.45 per gallon as of Wednesday. This decline comes as crude oil prices have also moved lower, with West Texas Intermediate crude falling $3.69 to $61.60 per barrel.

Why it matters

Falling gas prices provide relief for Iowa consumers and businesses, putting more money back in people's pockets and reducing operating costs for transportation-dependent industries. The drop in crude oil prices is a key driver behind the lower fuel costs.

The details

According to AAA, the current Iowa average of $2.45 per gallon for regular gas is 57 cents lower than a year ago. Locally, prices range from $2.64 in Hampton to $2.34 in Clarion. Retail diesel prices in Iowa also declined, falling 5 cents to an average of $3.40 per gallon. The national average stands at $2.92 per gallon for regular and $3.67 for diesel.

  • As of Wednesday, February 18, 2026

The players

AAA

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

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The takeaway

The drop in gas prices across Iowa provides welcome relief for consumers and businesses, putting more money back into the local economy. The decline is driven by falling crude oil costs, which is a positive sign for the state's transportation and logistics sectors.