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Wednesday, September 13, 2017

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

 
 

Crude Prices Fall

DES MOINES – Global crude oil fell this week on the West Texas Intermediate (WTI) by $1.76 per barrel over last week.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.76 per barrel over last week, and is currently priced at $47.40.

Brent crude oil fell $0.74 and is currently priced at $53.52.

One year ago WTI crude sold for $43.58 and Brent crude was at $45.85.

Motor Fuels
As of Monday, Sept. 11th, the price of regular unleaded gasoline averaged $2.54 across Iowa according to AAA.  This is down 1 cent from last week and $.32 higher than one year ago.  The national average on Monday was $2.68, up $.02 from last week’s price. 

Retail diesel fuel prices in Iowa rose $.02 from last week’s price with a statewide average of $2.64.   One year ago diesel prices averaged $2.37 in Iowa.   The current Iowa diesel average is $.07 lower than the national average of $2.71.

Wholesale ethanol prices were down $.02 from last week’s price, currently at $1.54. 

The current Des Moines Terminal/Rack Prices are $1.69 for U87-E10, $1.92 for Unleaded 87 (clear), ULSD#2 is at $1.87, ULSD#1 is at $2.05, and E-70 is priced at $1.70 per gallon.

Heating Fuels
Natural Gas prices are down $.03 at the Henry Hub reporting site and ended the week at $2.83/ MMbtu.

Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

 

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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