DES MOINES – The West Texas Intermediate was down $2.92 for the week, with the price of a barrel of oil closing at $97.22. Unleaded gasoline prices were also lower on the week, down $.06 to $3.12. The full report follows:
Crude Oil Summary
The price of global crude oil went down this week with West Texas Intermediate (WTI) $2.92 lower per barrel over last week, closing at $97.22.
Brent crude oil fell this week, finishing at $107.80 per barrel on Tuesday’s close, down $.02 from the previous week.
Motor Fuels
As of Tuesday, December 19th, the price of regular unleaded gasoline averaged $3.12 across Iowa according to AAA. This is down $.06 as compared to last week. The national average on Tuesday was $3.21, down $.05 from last week’s price.
Retail diesel fuel prices in Iowa were down $.09 on the Tuesday report with a statewide average of $3.80. This is $.04 per gallon lower than the national average of $3.84.
Heating Fuels
This week propane went down a cent with a statewide average of $1.89 per gallon. Home heating oil was down $.09 since last week’s report ending with a statewide average of $3.32 per gallon. Natural Gas prices in Iowa fell $.09 ending the week at $3.03 / 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.
