DES MOINES – The price of natural gas rose $.35 this week, closing at $3.25/ MMbtu.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.49 per barrel over last week, and is currently priced at $63.99.
Brent crude oil rose $.29 and is currently priced at $69.42.
One year ago WTI crude sold for $52.48 and Brent crude was at $54.68.
As of Tuesday, January 16th, the price of regular unleaded gasoline averaged $2.53 across Iowa according to AAA. This is up $.08 from last week and $.16 higher than one year ago. The national average on Tuesday was $2.53, up $.04 from last week’s price.
Retail diesel fuel prices in Iowa rose $.04 from last week’s price with a statewide average of $2.93. One year ago diesel prices averaged $2.49 in Iowa. The current Iowa diesel average is a penny lower than the national average of $2.94.
Wholesale ethanol prices were $.06 higher than last week’s price, currently at $1.39.
The current Des Moines Terminal/Rack Prices are $1.81 for U87-E10, $2.08 for Unleaded 87 (clear), ULSD#2 is at $2.11, ULSD#1 is at $2.48, and E-70 is priced at $1.57 per gallon.
Propane prices were a penny higher than last week’s price for a statewide average of $1.51 per gallon. Home heating oil prices rose $.04 from last week’s figures, ending with a statewide average of $2.47. Natural Gas prices rose $.35 at the Henry Hub reporting site and ended the week at $3.25/ MMbtu.
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