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Wednesday, September 27, 2017

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

 
 

CRUDE OIL PRICES ON THE RISE

DES MOINES – The price of West Texas Intermediate crude oil rose $2.58 per barrel, currently priced at $52.11.  Brent crude oil rose $3.09 per barrel, currently priced at $58.14.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.58 per barrel over last week, and is currently priced at $52.11.

Brent crude oil rose $3.09 and is currently priced at $58.14.

One year ago WTI crude sold for $44.67 and Brent crude was at $44.95.

Motor Fuels
As of Tuesday, Sept. 26th, the price of regular unleaded gasoline averaged $2.47 across Iowa according to AAA.  This is down $.03 from last week and $.29 higher than one year ago.  The national average on Tuesday was $2.57, down $.05 from last week’s price. 

Retail diesel fuel prices in Iowa rose $.02 from last week’s price with a statewide average of $2.67.   One year ago diesel prices averaged $2.36 in Iowa.   The current Iowa diesel average is $.06 lower than the national average of $2.73.

Wholesale ethanol prices were down $.07 from last week’s price, currently at $1.49. 

The current Des Moines Terminal/Rack Prices are $1.68 for U87-E10, $1.91 for Unleaded 87 (clear), ULSD#2 is at $1.93, ULSD#1 is at $2.12, and E-70 is priced at $1.68 per gallon.

Heating Fuels
Natural Gas prices are up $.10 at the Henry Hub reporting site and ended the week at $2.95/ 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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