Week of November 20 fuel and energy price update
Author
Published
11/22/2017
DES MOINES – The cost of crude oil rose $1.14 this week, currently priced at $57.44 per barrel.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.14 per barrel over last week, and is currently priced at $57.44.
Brent crude oil rose $.83 and is currently priced at $62.68.
One year ago WTI crude sold for $48.03 and Brent crude was at $46.10.
Motor Fuels
As of Tuesday, November 21st, the price of regular unleaded gasoline averaged $2.51 across Iowa according to AAA. This is down $.02 from last week and $.46 higher than one year ago. The national average on Tuesday was $2.53, down $.03 from last week’s price.
Retail diesel fuel prices in Iowa held steady at last week’s price with a statewide average of $2.82. One year ago diesel prices averaged $2.35 in Iowa. The current Iowa diesel average is $.02 lower than the national average of $2.84.
Wholesale ethanol prices were a penny higher than last week’s price, currently at $1.40.
The current Des Moines Terminal/Rack Prices are $1.69 for U87-E10, $1.91 for Unleaded 87 (clear), ULSD#2 is at $1.96, ULSD#1 is at $2.18, and E-70 is priced at $1.60 per gallon.
Heating Fuels
Propane prices are $.03 higher than last week’s prices for a statewide average of $1.44 per gallon. Home heating oil prices fell $.03 from last week’s figures, ending with a statewide average of $2.39. Natural Gas prices fell $.03 at the Henry Hub reporting site and ended the week at $3.05/ MMbtu.
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