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For Immediate Release
Wednesday, December 14, 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 REGISTER MODEST DECLINE

DES MOINES – Natural gas prices dropped $.11 this week, closing at $3.60/MMbtu.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.88 per barrel over last week, and is currently priced at $50.92.

Brent crude oil rose $.66, and is currently priced at $53.84.

One year ago WTI crude sold for $36.31 and Brent crude was at $36.51.

Motor Fuels
As of Tuesday, December 13th, the price of regular unleaded gasoline averaged $2.17 across Iowa according to AAA.  This is $.03 higher than one week ago and $.019 higher than one year ago.  The national average on Tuesday was $2.22, up $.03 from last week’s price. 

Retail diesel fuel prices in Iowa rose $.02 from last week’s price with a statewide average of $2.40.   One year ago diesel prices averaged $2.27 in Iowa.   The current Iowa diesel average is $.03 lower than the national average of $2.43.

Wholesale ethanol prices were down $.03 from last week’s price, closing at $1.61. 

The current Des Moines Terminal/Rack Prices are $1.48 for U87-E10, $1.61 for Unleaded 87 (clear), ULSD#2 is at $1.63, ULSD#1 is at $1.90, and E-70 is priced at $1.81 per gallon.

Heating Fuels
Propane prices were up $.02 from last week’s report, with a statewide average of $1.08 per gallon.  Home heating dropped a penny from last week, ending with a statewide average of $1.95.  Natural Gas prices fell $.11 at the Henry Hub reporting site and ended the week at $3.60 / 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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