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Week of February 17 fuel and energy price update from the Iowa Department of Agriculture and Land Stewardship

Week of February 17 fuel and energy price update from the Iowa Department of Agriculture and Land Stewardship

The price of natural gas rose 13 cents this week, currently at $1.97 per MMbtu.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.15 per barrel over last week, currently priced at $52.99.
  • Brent crude oil rose $2.33 and is currently priced at $58.87.
  • One year ago, WTI crude sold for $56.09 and Brent crude was at $65.86.

Motor Fuels

  • As of Wednesday, February 19, the price of regular unleaded gasoline averaged $2.28 across Iowa according to AAA.
    • Prices rose $.05 from last week’s price and $.06 higher than one year ago.
    • The national average on Thursday was $2.45 up $.02 from last week’s price.
  • Retail diesel prices in Iowa fell $.01 this week with a statewide average of $2.69.
    • One year ago, diesel prices averaged $2.79 in Iowa.
    • The current Iowa diesel price is $.19 less than the national average of $2.88.
  • Wholesale ethanol prices rose $.02, currently at $1.36.
  • The current Des Moines Terminal/Rack Prices are $1.63 for U87-E10, $1.84 for Unleaded 87 (clear), ULSD#2 is at $1.75, ULSD#1 is at $1.96, and E-70 is priced at $1.49 per gallon.

Heating Fuels

  • Propane prices were steady with a statewide average of $1.26 per gallon. 
  • Home heating oil prices rose $.05, with a statewide average of $2.21 per gallon.
  • Natural Gas prices rose $.13 at the Henry Hub reporting site and currently priced at $1.97/MMbtu.


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