DES MOINES – Global crude oil fell this week by $2.99, closing at $94.20 per barrel. Brent crude oil also fell, currently at $105.52, down $1.92 per barrel.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.99 per barrel over last week, closing at $94.20.
Brent crude oil fell in price this week by $1.92 per barrel, currently at $105.52.
One year ago WTI crude sold for $101.02 and Brent crude was at $121.89.
Motor Fuels
As of Tuesday, April 9th, the price of regular unleaded gasoline averaged $3.53 across Iowa according to AAA. This is down $.06 from last week and down $.26 from one year ago. The national average on Tuesday was $3.57, down $.07 from last week’s price.
Retail diesel fuel prices in Iowa were down $.02 on the Tuesday report with a statewide average of $3.88. One year ago diesel prices averaged $4.00 in Iowa. The current Iowa diesel average is $.10 per gallon lower than the national average of $3.98.
Wholesale ethanol prices rose $.11 this week, closing at $2.50. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.43 per gallon, down $.07 from last week’s price and down $.28 from one year ago.
Heating Fuels
Natural Gas prices in Iowa were up $.02 from last week’s report, ending the week at $4.07 / MMbtu.
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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