Crude Oil Rises for Second Week in a Row

Crude Oil Summary
December 7, 2011 (Des Moines, Iowa) – The price of global crude oil went up this week with West Texas Intermediate (WTI) $1.49 higher per barrel over last week, closing at $101.28. 

Brent crude oil also rose in the past week ending at $110.18 per barrel on Tuesday’s close, up $.80 from the previous week.

Motor Fuels
As of Tuesday, December 6th, the price of regular unleaded gasoline averaged $3.20 across Iowa according to AAA.  This is up a penny as compared to last week.  The national average on Tuesday was $3.29, down a penny from last week’s price. 

Retail diesel fuel prices in Iowa were down $.04 on the Tuesday report with a statewide average of $3.95.   This is $.02 per gallon higher than the national average of $3.93.

Heating Fuels
Propane was again steady for the week with a statewide average of $1.90 per gallon.  Home heating oil was down $.12 since last week’s report ending with a statewide average of $3.45 per gallon.  Natural Gas prices in Iowa rose $.03 ending the week at $3.41 / 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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