Week of January 20 fuel and energy price update

Week of January 20 fuel and energy price update

The price of natural gas fell $.23 this week, currently at $1.91/MMbtu.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.61 per barrel over last week, currently priced at $56.93.
  • Brent crude oil fell $.40 and is currently priced at $63.35.
  • One year ago, WTI crude sold for $52.57 and Brent crude was at $60.90.

Motor Fuels

  • As of Wednesday, Jan. 22, the price of regular unleaded gasoline averaged $2.35 across Iowa according to AAA.
    • Prices fell $.03 from last week’s price and $.30 higher than one year ago.
    • The national average on Wednesday was $2.54 down $.03 from last week’s price.
  • Retail diesel prices in Iowa fell $.02 this week with a statewide average of $2.85.
    • One year ago, diesel prices averaged $2.69 in Iowa.
    • The current Iowa diesel price is $.14 less than the national average of $2.99.
  • Wholesale ethanol prices fell $.02, currently at $1.33.
  • The current Des Moines Terminal/Rack Prices are $1.67 for U87-E10, $1.87 for Unleaded 87 (clear), ULSD#2 is at $1.84, ULSD#1 is at $2.08, and E-70 is priced at $1.45 per gallon.

Heating Fuels

  • Propane prices fell $.03 for a statewide average of $1.28 per gallon. 
  • Home heating oil prices fell $.11, with a statewide average of $2.33 per gallon.
  • Natural Gas prices fell $.23 at the Henry Hub reporting site and currently priced at $1.91/MMbtu.

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