PAGE TITLE

Week of August 29 fuel and energy price update

Week of August 29 fuel and energy price update

DES MOINES – The price of natural gas rose $.21, closing at the week at $2.92 / MMbtu.

 

Crude Oil Summary

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.76 per barrel over last week, and is currently priced at $44.98.

 

Brent crude oil fell $1.77, and is currently priced at $47.19.

 

One year ago WTI crude sold for $49.20 and Brent crude was at $47.97.

 

Motor Fuels

As of Tuesday, August 30th, the price of regular unleaded gasoline averaged $2.27 across Iowa according to AAA.  This is $.02 higher than one week ago and $.24 lower than one year ago.  The national average on Tuesday was $2.22, which is $.03 higher than last week’s price. 

 

Retail diesel fuel prices in Iowa were up $.02 with a statewide average of $2.38.   One year ago diesel prices averaged $2.44 in Iowa.   The current Iowa diesel average is a penny higher than the national average of $2.37.

 

Wholesale ethanol prices were $.09 lower this week, closing at $1.34. 

 

The current Des Moines Terminal/Rack Prices are $1.47 for U87-E10, $1.75 for Unleaded 87 (clear), ULSD#2 is at $1.60, ULSD#1 is at $1.76, and E-70 is priced at $1.58 per gallon.

 

Heating Fuels

Natural Gas prices rose $.21 at the Henry Hub reporting site and ended the week at $2.92 / MMbtu.



Want more news on this topic? Iowa Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!