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For Immediate Release
Wednesday, January 9, 2013

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 FALL FOR SECOND WEEK IN A ROW

DES MOINES –   The price of natural gas fell for the second straight week, down $.06 this week, closing at $3.21. 

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.03 per barrel over last week, closing at $93.15.

Brent crude oil fell in price this week, currently at $111.69 per barrel, down $.36 from the previous week.

One year ago WTI crude sold for $102.24 and Brent crude was at $111.07.

Motor Fuels
As of Tuesday, January 8th, the price of regular unleaded gasoline averaged $3.12 across Iowa according to AAA.  This is down $.02 from last week and down $.10 from one year ago.  The national average on Tuesday was $3.30, up a penny from last week’s price. 

Retail diesel fuel prices in Iowa remained steady on the Tuesday report with a statewide average of $3.79.   One year ago diesel prices averaged $3.74 in Iowa.   The current Iowa diesel average is $.12 per gallon lower than the national average of $3.91.

Wholesale ethanol prices rose $.04 this week, closing at $2.22. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.03 per gallon, down $.03 from last week’s price and down $.11 from one year ago.

Heating Fuels
Propane prices held steady at last week’s figures with a statewide average of $1.40 per gallon.  Home heating oil fell $.02 from last week’s figures, ending with a statewide average of $3.43 per gallon.  Natural Gas prices in Iowa were down $.06 from last week’s report, ending the week at $3.21 / MMbtu.

 FULL REPORT

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

 

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