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For Immediate Release
Wednesday, February 27, 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 JUMP, CRUDE OIL PRICES DROP

DES MOINES – Natural gas prices in Iowa were up $.21 from last week’s report, ending the week at $3.46.  Global crude oil prices closed the week at $92.63, down $4.03 per barrel, and Brent crude oil price dropped $3.22, closing at $111.98.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $4.03 per barrel over last week, closing at $92.63.

Brent crude oil also fell in price this week by $3.22 per barrel, currently at $111.98.

One year ago WTI crude sold for $106.30 and Brent crude was at $126.46.

Motor Fuels
As of Tuesday, February 26th, the price of regular unleaded gasoline averaged $3.75 across Iowa according to AAA.  This is up a penny from last week and up $.16 from one year ago.  The national average on Tuesday was $3.79, up $.02 from last week’s price. 

Retail diesel fuel prices in Iowa were up a penny on the Tuesday report with a statewide average of $4.04.   One year ago diesel prices averaged $3.90 in Iowa.   The current Iowa diesel average is $.10 per gallon lower than the national average of $4.14.

Wholesale ethanol prices rose $.03 this week, closing at $2.40. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.67 per gallon, up a penny from last week’s price and up $.16 from one year ago.

Heating Fuels
Propane prices held steady at last week’s figures with a statewide average of $1.41 per gallon.  Home heating oil fell $.04 from last week’s figures, ending with a statewide average of $3.68 per gallon.  Natural Gas prices in Iowa were up $.21 from last week’s report, ending the week at $3.46 / 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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