Natural Gas Prices Fall for Third Straight Week, Heating Oil Rises
Crude Oil Summary
November 16, 2011 (Des Moines, Iowa) – The price of global crude oil rose again this week with West Texas Intermediate (WTI) $2.57 higher per barrel over last week, closing at $99.37.
Brent crude oil fell to $111.90 per barrel on Tuesday’s close, down $3.71 from the previous week.
Motor Fuels
As of Tuesday, November 15th, the price of regular unleaded gasoline averaged $3.34 across Iowa according to AAA. This is down $.05 as compared to last week. The national average on Tuesday was $3.40, down $.03 from last week’s price.
Retail diesel fuel prices in Iowa rose $.12 on the Tuesday report with a statewide average of $4.00. This is $.02 per gallon below the national average of $3.98.
Heating Fuels
Heating fuels came in this week with propane remaining at last week’s price with a statewide average of $1.91 per gallon. Home heating oil rose $.13 since last week’s report ending with a statewide average of $3.70 per gallon. Natural Gas prices in Iowa fell for the third straight week by $.34 ending the week at $3.09 / 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.
