Week of October 14 fuel and energy price update

Week of October 14 fuel and energy price update

The price of retail gasoline in Iowa rose $.03 this week, closing at $2.45 per gallon.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.16 per barrel over last week, currently priced at $53.35.
  • Brent crude oil rose $.60, and it is currently priced at $59.35.
  • One year ago, WTI crude sold for $71.92 and Brent crude was at $80.53.

Motor Fuels

  • As of Tuesday, October 15, the price of regular unleaded gasoline averaged $2.45 across Iowa according to AAA.
    • This is $.03 higher than last week and $.37 lower than one year ago.
    • The national average on Tuesday was $2.66, up a penny from last week’s price.
  • Retail diesel prices in Iowa held steady at last week’s price with a statewide average of $2.84.
    • One year ago, diesel prices averaged $3.29 in Iowa.
    • The current Iowa diesel price is $.16 less than the national average of $3.00.
  • Wholesale ethanol prices fell $.04 from last week’s price, currently at $1.42.
  • The current Des Moines Terminal/Rack Prices are $1.73 for U87-E10, $1.91 for Unleaded 87 (clear), ULSD#2 is at $1.96, ULSD#1 is at $2.26, and E-70 is priced at $1.68 per gallon.

Heating Fuels

  • Propane prices were up $.02 from last week for a statewide average of $1.14 per gallon. 
  • Home heating oil rose a penny from last week, ending with a statewide average of $2.41 per gallon.
  • Natural Gas prices rose $.08 at the Henry Hub reporting site and currently priced at $2.36/MMbtu.

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