Week of September 5 fuel and energy price update
Author
Published
9/8/2016
DES MOINES – The price of wholesale ethanol rose $.10 this week, currently priced at $1.44 per gallon.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.45 per barrel over last week, and is currently priced at $45.43.
Brent crude oil rose $.71, and is currently priced at $47.90.
One year ago WTI crude sold for $46.05 and Brent crude was at $46.42.
Motor Fuels
As of Tuesday, September 6th, the price of regular unleaded gasoline averaged $2.23 across Iowa according to AAA. This is $.04 lower than one week ago and $.22 lower than one year ago. The national average on Tuesday was $2.19, which is $.03 lower than last week’s price.
Retail diesel fuel prices in Iowa held steady with a statewide average of $2.38. One year ago diesel prices averaged $2.48 in Iowa. The current Iowa diesel average is $.02 higher than the national average of $2.38.
Wholesale ethanol prices were $.10 higher this week, closing at $1.44.
The current Des Moines Terminal/Rack Prices are $1.36 for U87-E10, $1.66 for Unleaded 87 (clear), ULSD#2 is at $1.52, ULSD#1 is at $1.69, and E-70 is priced at $1.58 per gallon.
Heating Fuels
Natural Gas prices fell $.10 at the Henry Hub reporting site and ended the week at $2.82 / MMbtu.
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