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Wednesday, November 22, 2017

Contact: Dustin Vande Hoef       
515/281-3375 or 515/326-1616 (cell)


 
 

MODEST RISE IN CRUDE OIL PRICES

DES MOINES – The cost of crude oil rose $1.14 this week, currently priced at $57.44 per barrel. 

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.14 per barrel over last week, and is currently priced at $57.44.

Brent crude oil rose $.83 and is currently priced at $62.68.

One year ago WTI crude sold for $48.03 and Brent crude was at $46.10.

Motor Fuels
As of Tuesday, November 21st, the price of regular unleaded gasoline averaged $2.51 across Iowa according to AAA.  This is down $.02 from last week and $.46 higher than one year ago.  The national average on Tuesday was $2.53, down $.03 from last week’s price. 

Retail diesel fuel prices in Iowa held steady at last week’s price with a statewide average of $2.82.   One year ago diesel prices averaged $2.35 in Iowa.   The current Iowa diesel average is $.02 lower than the national average of $2.84.

Wholesale ethanol prices were a penny higher than last week’s price, currently at $1.40. 

The current Des Moines Terminal/Rack Prices are $1.69 for U87-E10, $1.91 for Unleaded 87 (clear), ULSD#2 is at $1.96, ULSD#1 is at $2.18, and E-70 is priced at $1.60 per gallon.

Heating Fuels
Propane prices are $.03 higher than last week’s prices for a statewide average of $1.44 per gallon.  Home heating oil prices fell $.03 from last week’s figures, ending with a statewide average of $2.39.  Natural Gas prices fell $.03 at the Henry Hub reporting site and ended the week at $3.05/ 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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