PAGE TITLE

Week of January 13 fuel and energy price update

Week of January 13 fuel and energy price update

The price of propane fell $.04 this week, closing at $1.31/gallon

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.93 per barrel over last week, currently priced at $57.54.
  • Brent crude oil fell $3.50 and is currently priced at $63.75.
  • One year ago, WTI crude sold for $52.11 and Brent crude was at $58.65.

Motor Fuels

  • As of Wednesday, January 15, the price of regular unleaded gasoline averaged $2.38 across Iowa according to AAA.
    • Prices fell $.03 from last week’s price and $.35 higher than one year ago.
    • The national average on Thursday was $2.57 down $.03 from last week’s price.
  • Retail diesel prices in Iowa remained steady this week with a statewide average of $2.87.
    • One year ago, diesel prices averaged $2.69 in Iowa.
    • The current Iowa diesel price is $.14 less than the national average of $3.01.
  • Wholesale ethanol prices remained steady, currently at $1.35.
  • The current Des Moines Terminal/Rack Prices are $1.65 for U87-E10, $1.86 for Unleaded 87 (clear), ULSD#2 is at $1.91, ULSD#1 is at $2.13, and E-70 is priced at $1.43 per gallon.

Heating Fuels

  • Propane prices fell $.04 for a statewide average of $1.31 per gallon. 
  • Home heating oil prices fell $.02, with a statewide average of $2.44 per gallon.
  • Natural Gas prices rose $.01 at the Henry Hub reporting site and currently priced at $2.14/MMbtu.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.



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!