The price of Natural gas rose 28 cents this week, currently at $3.29/MMbtu.

Crude Oil Summary

  • The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $4.45 per barrel over last week, currently priced at $35.82.
  • Brent crude oil fell $4.54 and currently priced at $37.41.
  • One year ago, WTI crude sold for $55.54 and Brent crude was at $61.05.

Motor Fuels

  • As of Thursday, Oct. 29, the price of regular unleaded gasoline averaged $2.02 across Iowa according to AAA.
    • Prices fell 2 cents from last week’s price and 41 cents lower than one year ago.
    • The national average on Thursday was $2.15, down 1 cent from last week’s price.
  • Retail diesel prices in Iowa held steady 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 20 cents less than the national average of $2.37.
  • Wholesale ethanol fell 6 cents, currently at $1.39.
  • The current Des Moines Terminal/Rack Prices are $1.09 for U87-E10, $1.18 for Unleaded 87 (clear), ULSD#2 is at $1.18, ULSD#1 is at $1.39, and E-70 priced at $1.48 per gallon.

Heating Fuels

  • Propane prices rose 1 cent for a statewide average of $1.09 per gallon. 
  • Home heating oil was down 1 cent from last week, ending with a statewide average of $1.72 per gallon.
  • Natural Gas prices rose 28 cents at the Henry Hub reporting site and currently priced at $3.29/MMbtu.