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For Immediate Release
Wednesday, March 29, 2017

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

 
 

 

NATURAL GAS PRICES FALL BELOW $3

DES MOINES – Natural Gas prices fell $.13 this week, closing at $2.93/MMbtu..

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.17 per barrel over last week, and is currently priced at $49.30.

Brent crude oil was up $1.49 and is currently priced at $52.27.

One year ago WTI crude sold for $38.28 and Brent crude was at $36.75.

Motor Fuels
As of Tuesday, March 28th, the price of regular unleaded gasoline averaged $2.27 across Iowa according to AAA.  This is down $.02 from last week and $.21 higher than one year ago.  The national average on Tuesday was $2.29, holding steady at last week’s price. 

Retail diesel fuel prices in Iowa were down a penny with a statewide average of $2.44.   One year ago diesel prices averaged $2.09 in Iowa.   The current Iowa diesel average is $.06 lower than the national average of $2.50.

Wholesale ethanol prices were up $.04 from last week’s price, closing at $1.59. 

The current Des Moines Terminal/Rack Prices are $1.55 for U87-E10, $1.75 for Unleaded 87 (clear), ULSD#2 is at $1.62, ULSD#1 is at $1.75, and E-70 is priced at $1.63 per gallon.

Heating Fuels
Propane prices were $.02 lower than last week’s report, with a statewide average of $1.19 per gallon.  Home heating prices are down a penny from last week, ending with a statewide average of $1.94.  Natural Gas prices are down $.13 at the Henry Hub reporting site and ended the week at $2.93 / MMbtu.

 

Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov

 

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