Retail Gasoline, Propane Prices Fall; All Other Fuels Continue Upward Trend
Crude Oil Summary
October 26, 2011 (Des Moines, Iowa) – Global crude oil prices rose again for the third week in a row with West Texas Intermediate (WTI) rising $4.66 per barrel to close at $93.00.
Brent crude oil rose to $112.11 per barrel on Tuesday’s close, up $.03 from the previous week.
Motor Fuels
As of Tuesday, October 25, the price of regular unleaded gasoline averaged $3.43 across Iowa according to AAA. This is down $.01 as compared to last week. The national average on Tuesday was $3.44. Iowa’s one cent fall and the national average three cent fall were the only drop in fuel prices this week.
Retail diesel fuel prices in Iowa rose $.05 on the Tuesday report with a statewide average of $3.80. This is still $.06 per gallon below the national average of $3.86.
Heating Fuels
Heating fuels held fairly steady for the week with propane falling an average of $.01 with a statewide average of $1.91 per gallon. Home heating oil rose $.06 cents since last week’s report ending with a statewide average of $3.50 per gallon. Natural Gas prices in Iowa also rose by $.02 for the week ending at $3.63 / MMbtu.
Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov. Weekly and monthly fuel reports will soon be available on the Departments website at www.iowaagriculture.gov.
