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Week of October 5 fuel and energy price update courtesy of the Iowa Department of Agriculture

Week of October 5 fuel and energy price update courtesy of the Iowa Department of Agriculture

The price of Ethanol rose nine cents this week, currently at $1.38.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.06 per barrel over last week, currently priced at $39.59.
  • Brent crude oil rose $.97 and currently priced at $41.70.
  • One year ago, WTI crude sold for $52.75 and Brent crude was at $59.46.

Motor Fuels

  • As of Wednesday, October 7, the price of regular unleaded gasoline averaged $2.08 across Iowa according to AAA.
    • Prices fell $.01 from last week’s price and $.34 lower than one year ago.
    • The national average on Wednesday was $2.18, down $.01 from last week’s price.
  • Retail diesel prices in Iowa fell $.01 this week with a statewide average of $2.18.
    • One year ago, diesel prices averaged $2.84 in Iowa.
    • The current Iowa diesel price is $.21 less than the national average of $2.39.
  • Wholesale ethanol rose $.09, currently at $1.38.
  • The current Des Moines Terminal/Rack Prices are $1.24 for U87-E10, $1.33 for Unleaded 87 (clear), ULSD#2 is at $1.21, ULSD#1 is at $1.49, and E-70 priced at $1.43 per gallon.

Heating Fuels

  • Propane prices rose $.09 from last month for a statewide average of $1.06 per gallon.
  • Home heating oil was up $.05 cents from last month, ending with a statewide average of $1.70 per gallon.
  • Natural Gas prices rose $.04 at the Henry Hub reporting site and currently priced at $2.57/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.

 



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