DES MOINES –The West Texas Intermediate showed crude oil prices up sharply, increasing $4.12 to $101.34 per barrel. Unleaded gasoline was down $.01 in Iowa to $3.11. The wholesale ethanol price was up $.08 to $2.22. The full report follows:
Crude Oil Summary
The price of global crude oil went up this week with West Texas Intermediate (WTI) $4.12 higher per barrel over last week, closing at $101.34.
Brent crude oil fell this week, finishing at $107.54 per barrel on Tuesday’s close, down $.26 from the previous week.
Motor Fuels
As of Tuesday, December 27th, the price of regular unleaded gasoline averaged $3.11 across Iowa according to AAA. This is down $.01 as compared to last week. The national average on Tuesday was $3.24, up $.03 from last week’s price.
Retail diesel fuel prices in Iowa were down $.04 on the Tuesday report with a statewide average of $3.76. This is $.06 per gallon lower than the national average of $3.82.
Wholesale ethanol prices were up $.08 from last week, closing at $2.22.
Heating Fuels
This week propane went down a cent with a statewide average of $1.88 per gallon. Home heating oil remained steady with last week’s report ending with a statewide average of $3.32 per gallon. Natural Gas prices in Iowa rose $.06 ending the week at $3.09 / 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.
