DES MOINES – The price of West Texas Intermediate global crude oil was up $3.93 per barrel this week, closing at $103.53. Brent crude oil also jumped in price, up $4.41 per barrel, ending the week at $108.37.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.93 per barrel over last week, closing at $103.53.
Brent crude oil rose in price this week by $4.41 per barrel, currently at $108.37.
One year ago WTI crude sold for $83.91 and Brent crude was at $99.15.
Motor Fuels
As of Tuesday, July 9th, the price of regular unleaded gasoline averaged $3.45 across Iowa according to AAA. This is up a penny from last week and up $.06 from one year ago. The national average on Tuesday was $3.50, up $.02 from last week’s price.
Retail diesel fuel prices in Iowa held steady on the Tuesday report with a statewide average of $3.71. One year ago diesel prices averaged $3.60 in Iowa. The current Iowa diesel average is $.11 per gallon lower than the national average of $3.82.
Wholesale ethanol prices rose $.02 this week, closing at $2.43. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.36 per gallon, up a penny from last week’s price and up $.05 from one year ago.
Heating Fuels
Natural Gas prices in Iowa were up $.13 from last week’s report, ending the week at $3.70 / MMbtu.
Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.
