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For Immediate Release
Wednesday, January 4, 2017

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

 
 

 

DIESEL PRICES SHOW INCREASE

DES MOINES – U.S. average retail diesel prices rose $.05 this week, closing at $2.52.  Iowa retail diesel fuel increased $.03, and closed at $2.49 per gallon.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.92 per barrel over last week, and is currently priced at $53.24.

Brent crude oil rose $.06, and is currently priced at $56.43.

One year ago WTI crude sold for $36.76 and Brent crude was at $36.28.

Motor Fuels
As of Tuesday, January 3rd, the price of regular unleaded gasoline averaged $2.35 across Iowa according to AAA.  This is $.05 higher than one week ago and $.45 higher than one year ago.  The national average on Tuesday was $2.35, up $.06 from last week’s price. 

Retail diesel fuel prices in Iowa rose $.03 from last week’s price with a statewide average of $2.49.   One year ago diesel prices averaged $2.08 in Iowa.   The current Iowa diesel average is $.03 lower than the national average of $2.52.

Wholesale ethanol prices were down a penny from last week’s price, closing at $1.51. 

The current Des Moines Terminal/Rack Prices are $1.63 for U87-E10, $1.77 for Unleaded 87 (clear), ULSD#2 is at $1.70, ULSD#1 is at $1.96, and E-70 is priced at $1.73 per gallon.

Heating Fuels
Propane prices were up $.03 from last week’s report, with a statewide average of $1.17 per gallon.  Home heating rose $.04 from last week, ending with a statewide average of $2.08.  Natural Gas prices fell $.28 at the Henry Hub reporting site and ended the week at $3.39 / 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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