Week of October 30 fuel and energy price update
Author
Published
11/1/2017
DES MOINES – The price of heating oil in Iowa rose $.04 this week, closing at $2.32.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.10 per barrel over last week, and is currently priced at $54.23.
Brent crude oil rose $2.27 and is currently priced at $60.65.
One year ago WTI crude sold for $46.67 and Brent crude was at $45.77.
Motor Fuels
As of Tuesday, October 31st, the price of regular unleaded gasoline averaged $2.46 across Iowa according to AAA. This is up $.03 from last week and $.30 higher than one year ago. The national average on Tuesday was $2.48, up $.02 from last week’s price.
Retail diesel fuel prices in Iowa were up $.03 from last week’s price with a statewide average of $2.74. One year ago diesel prices averaged $2.43 in Iowa. The current Iowa diesel average is $.01 lower than the national average of $2.75.
Wholesale ethanol prices were $.05 higher than last week’s price, currently at $1.44.
The current Des Moines Terminal/Rack Prices are $1.82 for U87-E10, $2.06 for Unleaded 87 (clear), ULSD#2 is at $2.00, ULSD#1 is at $2.21, and E-70 is priced at $1.65 per gallon.
Heating Fuels
Propane prices were up $.04 from last week’s prices for a statewide average of $1.39 per gallon. Home heating oil prices rose $.04 from last week’s figures, ending with a statewide average of $2.32. Natural Gas prices are down $.15 at the Henry Hub reporting site and ended the week at $2.77/ MMbtu.
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