DES MOINES – Natural gas prices dropped $.24 this week, closing at $3.36/MMbtu.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.66 per barrel over last week, and is currently priced at $52.58.
Brent crude oil rose $.69, and is currently priced at $54.53.
One year ago WTI crude sold for $34.74 and Brent crude was at $35.34.
As of Tuesday, December 20th, the price of regular unleaded gasoline averaged $2.23 across Iowa according to AAA. This is $.06 higher than one week ago and $.028 higher than one year ago. The national average on Tuesday was $2.25, up $.03 from last week’s price.
Retail diesel fuel prices in Iowa rose $.04 from last week’s price with a statewide average of $2.44. One year ago diesel prices averaged $2.18 in Iowa. The current Iowa diesel average is $.02 lower than the national average of $2.46.
Wholesale ethanol prices were down $.06 from last week’s price, closing at $1.55.
The current Des Moines Terminal/Rack Prices are $1.57 for U87-E10, $1.70 for Unleaded 87 (clear), ULSD#2 is at $1.66, ULSD#1 is at $1.94, and E-70 is priced at $1.79 per gallon.
Propane prices were up $.03 from last week’s report, with a statewide average of $1.11 per gallon. Home heating rose $.05 from last week, ending with a statewide average of $2.00. Natural Gas prices fell $.24 at the Henry Hub reporting site and ended the week at $3.36 / MMbtu.