DES MOINES – Global crude oil dropped in the last week, with gasoline and natural gas prices also falling. The full report follows:
Crude Oil Summary
The price of global crude oil had a moderate drop this week with West Texas Intermediate (WTI) $1.36 lower per barrel over last week, closing at $98.01.
Brent crude oil fell for the second week in a row to $107.77 per barrel on Tuesday’s close, down $4.13 from the previous week.
Motor Fuels
As of Tuesday, November 22nd, the price of regular unleaded gasoline averaged $3.27 across Iowa according to AAA. This is down $.07 as compared to last week. The national average on Tuesday was $3.33, also down $.07 from last week’s price.
Retail diesel fuel prices in Iowa rose a penny on the Tuesday report with a statewide average of $4.01. This is $.03 per gallon below the national average of $3.98.
Heating Fuels
Heating fuels came in this week with propane down a cent with a statewide average of $1.90 per gallon. Home heating oil was down $.02 since last week’s report ending with a statewide average of $3.68 per gallon. Natural Gas prices in Iowa continued its downward trend falling $.05 ending the week at $3.04 / 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.
