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For Immediate Release
Thursday, December 27, 2012

Harold Hommes
515/242-6237
or Harold.Hommes@IowaAgriculture.gov Dustin Vande Hoef
515/281-3375 or 515/326-1616 (cell)
or Dustin.VandeHoef@IowaAgriculture.gov

 
 

 

NATURAL GAS PRICES RISE

DES MOINES –   The price of natural gas rose $.07 this week, closing at $3.36.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.05 per barrel over last week, closing at $90.98.

Brent crude oil rose in price this week, currently at $110.60 per barrel, up $.31 from the previous week.

One year ago WTI crude sold for $99.36 and Brent crude was at $109.28.

Motor Fuels
As of Wednesday, December 26th, the price of regular unleaded gasoline averaged $3.13 across Iowa according to AAA.  This is up a penny from last week and up $.04 from one year ago.  The national average on Tuesday was $3.26, up $.03 from last week’s price. 

Retail diesel fuel prices in Iowa fell $.02 on the Tuesday report with a statewide average of $3.79.   One year ago diesel prices averaged $3.76 in Iowa.   The current Iowa diesel average is $.13 per gallon lower than the national average of $3.92.

Wholesale ethanol prices fell $.05 this week, closing at $2.21. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.04 per gallon, holding steady at last week’s price and up $.03 from one year ago.

Heating Fuels
Propane prices were up a penny from last week’s figures with a statewide average of $1.39 per gallon.  Home heating oil rose $.03 from last week’s figures, ending with a statewide average of $3.48 per gallon.  Natural Gas prices in Iowa were up $.07 from last week’s report, ending the week at $3.36 / MMbtu.

Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.   Weekly and monthly fuel reports will soon be available on the Departments website at www.iowaagriculture.gov.

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