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For Immediate Release
Wednesday, December 7, 2016

Harold Hommes
(515) 242-6237
Harold.Hommes@IowaAgriculture.gov

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

 
 

 

NATURAL GAS PRICES SPIKE AGAIN

DES MOINES – Natural gas prices spiked $.68 this week, closing at $3.71/MMbtu.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.96 per barrel over last week, and is currently priced at $50.04.

Brent crude oil rose $2.71, and is currently priced at $53.18.

One year ago WTI crude sold for $37.65 and Brent crude was at $39.69.

Motor Fuels
As of Tuesday, December 6th, the price of regular unleaded gasoline averaged $2.14 across Iowa according to AAA.  This is $.07 higher than one week ago and $.012 higher than one year ago.  The national average on Tuesday was $2.19, up $.04 from last week’s price. 

Retail diesel fuel prices in Iowa rose $.03 from last week’s price with a statewide average of $2.38.   One year ago diesel prices averaged $2.33 in Iowa.   The current Iowa diesel average is $.04 lower than the national average of $2.42.

Wholesale ethanol prices were up $.07 from last week’s price, closing at $1.64. 

The current Des Moines Terminal/Rack Prices are $1.44 for U87-E10, $1.59 for Unleaded 87 (clear), ULSD#2 is at $1.59, ULSD#1 is at $1.80, and E-70 is priced at $1.69 per gallon.

Heating Fuels
Propane prices were up $.02 from last week’s report, with a statewide average of $1.06 per gallon.  Home heating rose $.11 from last week, ending with a statewide average of $1.96.  Natural Gas prices rose $.68 at the Henry Hub reporting site and ended the week at $3.71 / MMbtu.

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

 

Mailing Address: IDALS,  Wallace State Office Building,   502 E. 9th Street,  Des Moines, IA 50319:     PH: 515-281-5321
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