Motor Fuels Down; Natural Gas, Crude Oil on the Rise

Crude Oil Summary
November 30, 2011 (Des Moines, Iowa) – The price of global crude oil went up this week with West Texas Intermediate (WTI) $1.78 higher per barrel over last week, closing at $99.79. 

Brent crude oil also rose to $109.38 per barrel on Tuesday’s close, up $1.61 from the previous week.

Motor Fuels
As of Tuesday, November 28th, the price of regular unleaded gasoline averaged $3.19 across Iowa according to AAA.  This is down $.08 as compared to last week.  The national average on Tuesday was $3.30, down $.03 from last week’s price. 

Retail diesel fuel prices in Iowa were down $.02 on the Tuesday report with a statewide average of $3.99.   This is $.03 per gallon below the national average of $3.96.

Heating Fuels
Heating fuels came in this week with propane holding steady with a statewide average of $1.90 per gallon.  Home heating oil was down $.11 since last week’s report ending with a statewide average of $3.57 per gallon.  Natural Gas prices in Iowa rose $.34 ending the week at $3.38 / MMbtu. 

FULL REPORT    

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.

 

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