Week of July 15 fuel and energy price update

Week of July 15 fuel and energy price update

The price of natural gas dropped $.17 this week, closing at $2.30/MMbtu.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.75 per barrel over last week, currently priced at $56.96.
  • Brent crude oil fell $2.41 and is currently priced at $63.92.
  • One year ago, WTI crude sold for $68.08 and Brent crude was at $70.87.

Motor Fuels

  • As of Tuesday, July 16, the price of regular unleaded gasoline averaged $2.63 across Iowa according to AAA.
    • This is $.04 higher than last week and $.10 lower than one year ago.
    • The national average on Tuesday was $2.79, $.04 higher than last week’s price.
  • Retail diesel fuel prices in Iowa were $.01 lower than last week’s price with a statewide average of $2.88.
    • One year ago, diesel prices averaged $3.10 in Iowa.
    • The current Iowa diesel price is $.13 less than the national average of $3.01.
  • Wholesale ethanol prices rose $.03 from last week’s price, currently at $1.52.
  • The current Des Moines Terminal/Rack Prices are $1.83 for U87-E10, $2.08 for Unleaded 87 (clear), ULSD#2 is at $1.91, ULSD#1 is at $2.21, and E-70 is priced at $1.69 per gallon.

Heating Fuels

  • Natural Gas prices fell $.17 at the Henry Hub reporting site and currently priced at $2.30/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

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