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For Immediate Release
Thursday, January 3, 2013

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



Natural Gas Prices Fall, Crude Oil Jumps

DES MOINES –   The price of natural gas fell $.09 this week, closing at $3.27.  The price of global crude oil rose $2.14 per barrel, closing at $93.12, and Brent crude oil rose $1.63, closing at 112.05 per barrel.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.14 per barrel over last week, closing at $93.12.

Brent crude oil rose in price this week, currently at $112.05 per barrel, up $1.63 from the previous week.

One year ago WTI crude sold for $103.22 and Brent crude was at $111.12.

Motor Fuels
As of Wednesday, January 2nd, the price of regular unleaded gasoline averaged $3.14 across Iowa according to AAA.  This is up a penny from last week and the same price as one year ago.  The national average on Wednesday was $3.29, up $.03 from last week’s price. 

Retail diesel fuel prices in Iowa remained steady on the Wednesday report with a statewide average of $3.79.   One year ago diesel prices averaged $3.74 in Iowa.   The current Iowa diesel average is $.12 per gallon lower than the national average of $3.91.

Wholesale ethanol prices fell $.03 this week, closing at $2.18. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.06 per gallon, up $.02 from last week’s price and the same price as one year ago.

Heating Fuels

Propane prices were up a penny from last week’s figures with a statewide average of $1.40 per gallon.  Home heating oil fell $.03 from last week’s figures, ending with a statewide average of $3.45 per gallon.  Natural Gas prices in Iowa were down $.09 from last week’s report, ending the week at $3.27 / 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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