Week of February 12 fuel and energy price update

Week of February 12 fuel and energy price update

DES MOINES – The price of heating oil in Iowa dropped $.06 this week, closing at $2.45.

Crude Oil Summary

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.88 per barrel over last week, and is currently priced at $59.99.

Brent crude oil fell $1.90 and is currently priced at $63.71.

One year ago WTI crude sold for $53.20 and Brent crude was at $54.96.

Motor Fuels

As of Tuesday, February 13th, the price of regular unleaded gasoline averaged $2.59 across Iowa according to AAA.  This is down $.04 from last week and $.27 higher than one year ago.  The national average on Tuesday was $2.56, down $.05 from last week’s price. 

Retail diesel fuel prices in Iowa fell a penny from last week’s price with a statewide average of $2.99.   One year ago diesel prices averaged $2.47 in Iowa.   The current Iowa diesel average is a penny higher than the national average of $2.98.

Wholesale ethanol prices were $.05 higher than last week’s price, currently at $1.46. 

The current Des Moines Terminal/Rack Prices are $1.71 for U87-E10, $1.94 for Unleaded 87 (clear), ULSD#2 is at $1.92, ULSD#1 is at $2.22, and E-70 is priced at $1.58 per gallon.

Heating Fuels

Propane prices were down $.02 from last week’s price for a statewide average of $1.48 per gallon.  Home heating oil prices dropped $.06 from last week’s figures, ending with a statewide average of $2.45.  Natural Gas prices fell $.18 at the Henry Hub reporting site and ended the week at $2.57/ MMbtu.

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