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For Immediate Release
Wednesday, June 22, 2016

Harold Hommes
(515) 242-6237
Harold.Hommes@IowaAgriculture.gov

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

 
 

 

NATURAL GAS PRICES CLIMB AGAIN

DES MOINES – For the fourth week in a row, natural gas prices recorded double digit increases.  This week, the price of natural gas rose $.24, closing out at $2.76 / MMbtu.  

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.46 per barrel over last week, and is currently priced at $48.50.

Brent crude oil rose $.25, and is currently priced at $49.27.

One year ago WTI crude sold for $59.68 and Brent crude was at $60.54.

Motor Fuels
As of Tuesday, June 21st, the price of regular unleaded gasoline averaged $2.29 across Iowa according to AAA.  This is down $.03 from one week ago and $.44 lower than one year ago.  The national average on Tuesday was $2.32, $.05 lower than last week. 

Retail diesel fuel prices in Iowa were a penny higher with a statewide average of $2.35.   One year ago diesel prices averaged $2.72 in Iowa.   The current Iowa diesel average is $.02 lower than the national average of $2.37.

Wholesale ethanol prices were down $.09 this week, closing at $1.60. 

The current Des Moines Terminal/Rack Prices are $1.53 for U87-E10, $1.82 for Unleaded 87 (clear), ULSD#2 is at $1.59, ULSD#1 is at $1.74, and E-70 is priced at $1.77 per gallon.

Heating Fuels
Natural Gas prices were $.24 higher at the Henry Hub reporting site and ended the week at $2.76 / 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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