DES MOINES – The price of natural gas fell $.09 this week, closing at $3.27. The price of global crude oil rose $2.14 per barrel, closing at $93.12, and Brent crude oil rose $1.63, closing at 112.05 per barrel.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.14 per barrel over last week, closing at $93.12.
Brent crude oil rose in price this week, currently at $112.05 per barrel, up $1.63 from the previous week.
One year ago WTI crude sold for $103.22 and Brent crude was at $111.12.
Motor Fuels
As of Wednesday, January 2nd, the price of regular unleaded gasoline averaged $3.14 across Iowa according to AAA. This is up a penny from last week and the same price as one year ago. The national average on Wednesday was $3.29, up $.03 from last week’s price.
Retail diesel fuel prices in Iowa remained steady on the Wednesday report with a statewide average of $3.79. One year ago diesel prices averaged $3.74 in Iowa. The current Iowa diesel average is $.12 per gallon lower than the national average of $3.91.
Wholesale ethanol prices fell $.03 this week, closing at $2.18. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.06 per gallon, up $.02 from last week’s price and the same price as one year ago.
Heating Fuels
Propane prices were up a penny from last week’s figures with a statewide average of $1.40 per gallon. Home heating oil fell $.03 from last week’s figures, ending with a statewide average of $3.45 per gallon. Natural Gas prices in Iowa were down $.09 from last week’s report, ending the week at $3.27 / MMbtu
FULL REPORT
Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.
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