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For Immediate Release
Thursday, January 19, 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

 
 

 

FUEL PRICES RELATIVELY STABLE

DES MOINES – Retail gasoline prices in Iowa remained steady, ending the week at $2.36 per gallon.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.10 per barrel over last week, and is currently priced at $52.22.

Brent crude oil rose $.13, and is currently priced at $55.19.

One year ago WTI crude sold for $29.45 and Brent crude was at $27.36.

Motor Fuels
As of Tuesday, January 17th, the price of regular unleaded gasoline averaged $2.36 across Iowa according to AAA.  This is the same price as one week ago and $.52 higher than one year ago.  The national average on Tuesday was $2.34, down $.02 from last week’s price. 

Retail diesel fuel prices in Iowa were down $.02 from last week’s price with a statewide average of $2.48.   One year ago diesel prices averaged $1.98 in Iowa.   The current Iowa diesel average is $.05 lower than the national average of $2.53.

Wholesale ethanol prices were down $.02 from last week’s price, closing at $1.50. 

The current Des Moines Terminal/Rack Prices are $1.62 for U87-E10, $1.78 for Unleaded 87 (clear), ULSD#2 is at $1.68, ULSD#1 is at $1.88, and E-70 is priced at $1.62 per gallon.

Heating Fuels
Propane prices were up $.02 from last week’s report, with a statewide average of $1.21 per gallon.  Home heating prices remained steady from last week, ending with a statewide average of $2.07.  Natural Gas prices rose $.10 at the Henry Hub reporting site and ended the week at $3.31 / 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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