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Week of October 19 fuel and energy price update courtesy of the Iowa Department of Agriculture

Week of October 19 fuel and energy price update courtesy of the Iowa Department of Agriculture

The price of natural gas rose 36 cents this week, currently at $3.01/MMbtu.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by 69 cents per barrel over last week, currently priced at $40.27.
  • Brent crude oil fell $1.20 and is currently priced at $41.95.
  • One year ago, WTI crude sold for $53.31 and Brent crude was at $58.95.

Motor Fuels

  • As of Wednesday, Oct. 21, the price of regular unleaded gasoline averaged $2.04 across Iowa according to AAA.
    • Prices fell 3 cents from last week’s price and 39 cents lower than one year ago.
    • The national average on Wednesday was $2.16, down 2 cents from last week’s price.
  • Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $2.17.
    • One year ago, diesel prices averaged $2.84 in Iowa.
    • The current Iowa diesel price is 21 cents less than the national average of $2.38.
  • Wholesale ethanol rose 3 cents and is currently priced at $1.45.
  • The current Des Moines Terminal/Rack Prices are $1.20 for U87-E10, $1.29 for Unleaded 87 (clear), $1.26 for ULSD#2, $1.46 for ULSD#1, and E-70 is priced at $1.45 per gallon.

Heating Fuels

  • Propane prices held steady for a statewide average of $1.08 per gallon. 
  • Home heating oil was up 1 cent from last week, ending with a statewide average of $1.73 per gallon.
  • Natural Gas prices rose 36 cents at the Henry Hub reporting site and are currently priced at $3.01/MMbtu.


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