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For Immediate Release
Thursday, December 06, 2012

Harold Hommes, (515) 282-6237
Dustin Vande Hoef, 515-281-3375



DES MOINES –   The national natural gas market price dropped $.39 cents this week, closing at $3.37.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.32 per barrel over last week, closing at $88.50.

Brent crude oil fell in price this week, currently at $108.72 per barrel, down $.83 from the previous week.

One year ago WTI crude sold for $101.28 and Brent crude was at $110.18.

Motor Fuels
As of Tuesday, December 4th, the price of regular unleaded gasoline averaged $3.29 across Iowa according to AAA.  This is down a penny from last week and up $.13 from one year ago.  The national average on Tuesday was $3.38, down $.04 from last week’s price. 

Retail diesel fuel prices in Iowa fell a penny on the Tuesday report with a statewide average of $3.87.   One year ago diesel prices averaged $3.95 in Iowa.   The current Iowa diesel average is $.14 per gallon lower than the national average of $4.01.

Wholesale ethanol prices fell $.02 this week, closing at $2.42. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.20 per gallon, down a penny from last week’s price and up $.12 from one year ago.

Heating Fuels
Propane prices held steady from last week’s figures with a statewide average of $1.39 per gallon.  Home heating oil fell $.03 from last week’s figures, ending with a statewide average of $3.54 per gallon.  Natural Gas prices in Iowa fell $.39 from last week’s report, ending the week at $3.37 / 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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