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Wednesday, December 6, 2017

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


 
 

MODERATE DECLINE IN RETAIL GASOLINE PRICES

DES MOINES – The cost of retail gasoline in Iowa dropped $.03 this week, closing at $2.46 per gallon.  Nationally, the price of retail gasoline dropped $.02, closing at $2.48 per gallon.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.15 per barrel over last week, and is currently priced at $56.33.

Brent crude oil fell $1.63 and is currently priced at $61.57.

One year ago WTI crude sold for $50.93 and Brent crude was at $52.31.

Motor Fuels
As of Tuesday, December 5th, the price of regular unleaded gasoline averaged $2.46 across Iowa according to AAA.  This is down $.03 from last week and $.32 higher than one year ago.  The national average on Tuesday was $2.48, down $.02 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 $2.38 in Iowa.   The current Iowa diesel average is $.02 lower than the national average of $2.84.

Wholesale ethanol prices were $.04 lower than last week’s price, currently at $1.32. 

The current Des Moines Terminal/Rack Prices are $1.64 for U87-E10, $1.83 for Unleaded 87 (clear), ULSD#2 is at $1.93, ULSD#1 is at $2.15, and E-70 is priced at $1.53 per gallon.

Heating Fuels
Propane prices are steady at last week’s prices for a statewide average of $1.46 per gallon.  Home heating oil prices fell $.03 from last week’s figures, ending with a statewide average of $2.33.  Natural Gas prices fell $.05 at the Henry Hub reporting site and ended the week at $2.86/ MMbtu.

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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