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For Immediate Release
Wednesday, February 6, 2013

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



Heating Oil, Fuel Prices Surge

DES MOINES –   Home heating oil rose $.08 from last week, closing at $3.54 per gallon.  U.S. average unleaded retail gasoline showed the biggest increase in fuel prices, up $.16 from last week, closing at $3.55.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.93 per barrel over last week, closing at $96.64.

Brent crude oil rose in price this week by $1.58 per barrel, currently at $116.80.

One year ago WTI crude sold for $98.41 and Brent crude was at $115.47.

Motor Fuels
As of Tuesday, February 5th, the price of regular unleaded gasoline averaged $3.48 across Iowa according to AAA.  This is up $.14 from last week and up $.14 from one year ago.  The national average on Tuesday was $3.55, up $.16 from last week’s price. 

Retail diesel fuel prices in Iowa were up $.07 on the Tuesday report with a statewide average of $3.88.   One year ago diesel prices averaged $3.75 in Iowa.   The current Iowa diesel average is $.12 per gallon lower than the national average of $4.00.

Wholesale ethanol prices rose $.03 this week, closing at $2.44. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.40 per gallon, up $.14 from last week’s price and up $.14 from one year ago.

Heating Fuels
Propane prices held steady at last week’s figures with a statewide average of $1.41 per gallon.  Home heating oil rose $.08 from last week’s figures, ending with a statewide average of $3.54 per gallon.  Natural Gas prices in Iowa were up $.15 from last week’s report, ending the week at $3.34 / 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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