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For Immediate Release
Wednesday, December 18, 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

 
 

SIGNIFICANT JUMP IN PROPANE PRICES

DES MOINES – Propane prices were up $.13 this week, closing at $1.88 per gallon.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.32 per barrel over last week, currently at $97.80.

Brent crude oil rose $.58 this week, currently at $109.62.

One year ago WTI crude sold for $87.93 and Brent crude was at $109.96.

Motor Fuels
As of Tuesday, December 17th, the price of regular unleaded gasoline averaged $3.05 across Iowa according to AAA.  This is down $.05 from last week and down $.08 from one year ago.  The national average on Tuesday was $3.22, down $.04 from last week’s price. 

Retail diesel fuel prices in Iowa fell a penny on the Tuesday report with a statewide average of $3.77.   One year ago diesel prices averaged $3.81 in Iowa.   The current Iowa diesel average is $.08 per gallon lower than the national average of $3.85.

Wholesale ethanol prices fell $.19 this week, closing at $1.81. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $2.92 per gallon, down $.05 from last week’s price and down $.12 from one year ago.

Heating Fuels
Propane prices rose $.13 compared to last week’s price with a statewide average of $1.88 per gallon.  Home heating oil fell $.04 from last week’s figures, ending with a statewide average of $3.39.  Natural Gas prices in Iowa were down $.10 from last week’s report, ending the week at $4.21 / MMbtu. 

 

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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