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For Immediate Release
Wednesday, February 22, 2017

Dustin Vande Hoef
515/281-3375 or 515/326-1616 (cell)
or Dustin.VandeHoef@IowaAgriculture.gov

 
 

 

Natural Gas Prices Continue Downward Trend

DES MOINES  –  Natural gas prices fell $.34 this week, closing at $2.52/MMbtu.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.97 per barrel over last week, and is currently priced at $54.06.

Brent crude oil fell $.04, and is currently priced at $55.70.

One year ago WTI crude sold for $31.48 and Brent crude was at $33.59.

Motor Fuels
As of Tuesday, February 21st, the price of regular unleaded gasoline averaged $2.31 across Iowa according to AAA.  This is a penny lower than one week ago and $.64 higher than one year ago.  The national average on Tuesday was $2.29, up a penny from last week’s price. 

Retail diesel fuel prices in Iowa held steady at last week’s price with a statewide average of $2.46.   One year ago diesel prices averaged $1.90 in Iowa.   The current Iowa diesel average is $.06 lower than the national average of $2.52.

Wholesale ethanol prices were up a penny from last week’s price, closing at $1.55. 

The current Des Moines Terminal/Rack Prices are $1.54 for U87-E10, $1.70 for Unleaded 87 (clear), ULSD#2 is at $1.66, ULSD#1 is at $1.78, and E-70 is priced at $1.61 per gallon.

Heating Fuels
Propane prices were down a penny from last week’s report, with a statewide average of $1.27 per gallon.  Home heating prices were down $.02 from last week, ending with a statewide average of $2.01.  Natural Gas prices fell $.34 at the Henry Hub reporting site and ended the week at $2.52 / MMbtu.

 

 

Mailing Address: IDALS,  Wallace State Office Building,   502 E. 9th Street,  Des Moines, IA 50319:     PH: 515-281-5321
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