Week of August 7 fuel and energy price report
Author
Published
8/9/2017
DES MOINES – The price of diesel in Iowa rose $.04 this week, closing at $2.49 per gallon. The national diesel price was $2.52, up $.03.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $0.54 per barrel over last week, and is currently priced at $49.33.
Brent crude oil was up $.97 and is currently priced at $52.44.
One year ago WTI crude sold for $42.77 and Brent crude was at $43.37.
Motor Fuels
As of Tuesday, Aug. 8th, the price of regular unleaded gasoline averaged $2.31 across Iowa according to AAA. This is up $.03 cents from last week and $.17 higher than one year ago. The national average on Tuesday was $2.36, up $.03 from last week’s price.
Retail diesel fuel prices in Iowa were up $.04 with a statewide average of $2.49. One year ago diesel prices averaged $2.28 in Iowa. The current Iowa diesel average is $.03 lower than the national average of $2.52.
Wholesale ethanol prices were up $.05 from last week’s price, currently at $1.60.
The current Des Moines Terminal/Rack Prices are $1.58 for U87-E10, $1.77 for Unleaded 87 (clear), ULSD#2 is at $1.72, ULSD#1 is at $1.90, and E-70 is priced at $1.70 per gallon.
Heating Fuels
Natural Gas prices are down $.07 at the Henry Hub reporting site and ended the week at $2.77/ MMbtu.
Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
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