DES MOINES – The price of crude oil rose $2.96 this week, currently priced at $46.40.

 

Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.96 per barrel over last week, and is currently priced at $46.40.

 

Brent crude oil rose $1.07, and is currently priced at $47.98.

 

One year ago WTI crude sold for $44.43 and Brent crude was at $46.04.

 

Motor Fuels

As of Tuesday, September 27th, the price of regular unleaded gasoline averaged $2.19 across Iowa according to AAA.  This is the same price as one week ago and $.12 lower than one year ago.  The national average on Tuesday was $2.21, holding steady at last week’s price. 

 

Retail diesel fuel prices in Iowa were the same as last week with a statewide average of $2.36.   One year ago diesel prices averaged $2.44 in Iowa.   The current Iowa diesel average is the same as the national average of $2.36.

 

Wholesale ethanol prices were a penny lower than last week’s price, closing at $1.50. 

 

The current Des Moines Terminal/Rack Prices are $1.44 for U87-E10, $1.70 for Unleaded 87 (clear), ULSD#2 is at $1.54, ULSD#1 is at $1.71, and E-70 is priced at $1.65 per gallon.

 

Heating Fuels

Natural Gas prices fell $.05 at the Henry Hub reporting site and ended the week at $3.03 / MMbtu.