Week of June 28 fuel and energy price update courtesy of the Iowa Department of Agriculture
Author
Published
7/2/2021
Natural gas prices rose 29 cents at the Henry Hub reporting site and are currently priced at $3.62/MMbtu.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.71 per barrel over last week, currently priced at $74.74.
- Brent crude oil rose $.32 and currently priced at $75.50.
- One year ago, WTI crude sold for $39.82 and Brent crude was at $42.18.
Motor Fuels
- As of Thursday, July 1, the price of regular unleaded gasoline averaged $2.96 across Iowa according to AAA.
- Prices were up 7 cents from last week’s price and $.86 higher than one year ago.
- The national average on Wednesday was $3.12, up 5 cents from last week’s price.
- Retail diesel prices in Iowa were up 4 cents this week with a statewide average of $3.10.
- One year ago, diesel prices averaged $2.22 in Iowa.
- The current Iowa diesel price is 15 cents less than the national average of $3.25.
- Wholesale ethanol was steady and is currently priced at $2.48.
- The current Des Moines Terminal/Rack Prices are $2.14 for U87-E10, $2.38 for Unleaded 87 (clear), $2.20 for ULSD#2, $2.36 for ULSD#1, and $2.39 per gallon for E-70 prices.
Heating Fuels
- Natural gas prices rose 29 cents at the Henry Hub reporting site and are currently priced at $3.62/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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