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.
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.
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.