Week of September 17 fuel and energy price update
Author
Published
9/19/2018
The price of retail gasoline in Iowa rose $.06 this week, closing at $2.76 per gallon.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.52 per barrel over last week, and is currently priced at $71.18.
Brent crude oil fell $.32 and is currently priced at $79.22.
One year ago WTI crude sold for $49.48 and Brent crude was at $56.58.
Motor Fuels
As of Tuesday, September 18, the price of regular unleaded gasoline averaged $2.76 across Iowa according to AAA. This is $.06 higher than last week and $.16 higher than one year ago. The national average on Tuesday was $2.84, holding steady at last week’s price.
Retail diesel fuel prices in Iowa were $.01 higher than last week’s price with a statewide average of $3.13. One year ago diesel prices averaged $2.65 in Iowa. The current Iowa diesel price is $.05 less than the national average of $3.18.
Wholesale ethanol prices were down $.03 from last week’s price, currently at $1.26.
The current Des Moines Terminal/Rack Prices are $2.13 for U87-E10, $2.34 for Unleaded 87 (clear), ULSD#2 is at $2.34, ULSD#1 is at $2.54, and E-70 is priced at $1.63 per gallon.
Heating Fuels
Propane prices were $.04 higher than last month’s prices for a statewide average of $1.30 per gallon. Home heating oil was up $.09 from last month’s figures, ending with a statewide average of $2.68. Natural Gas prices rose $.08 at the Henry Hub reporting site and ended the week at $2.97/MMbtu.
Continuing through Sept., we will only report retail heating oil and propane prices in Iowa once a month.
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