For Immediate Release: Thursday, July 19, 2018
DES MOINES – The
price of global crude oil fell $4.12 per barrel on the West Texas Intermediate,
currently priced at $68.28. Brent crude dropped $3.77 per barrel, currently
priced at $72.65.
Crude
Oil Summary
The
price of global crude oil fell this week on the West Texas Intermediate (WTI)
by $4.12 per barrel over last week, and is currently priced at $68.28.
Brent
crude oil fell $3.77 and is currently priced at $72.65.
One
year ago WTI crude sold for $46.40 and Brent crude was at $47.92.
Motor
Fuels
As
of Tuesday, July 17, the price of regular unleaded gasoline averaged $2.73
across Iowa according to AAA. This is $.01 lower than last week and $.55 higher
than one year ago. The national average on Tuesday was $2.87, holding steady at
last week’s price.
Retail
diesel fuel prices in Iowa were unchanged from last week’s price with a
statewide average of $3.10. One year ago diesel prices averaged $2.36 in Iowa.
The current Iowa diesel price is $.07 less than the national average of $3.17.
Wholesale
ethanol prices were up a penny from last week’s price, currently at $1.40.
The
current Des Moines Terminal/Rack Prices are $1.98 for U87-E10, $2.19 for
Unleaded 87 (clear), ULSD#2 is at $2.16, ULSD#1 is at $2.34, and E-70 is priced
at $1.68 per gallon.
Heating
Fuels
Propane
prices were $.04 lower than last month’s prices for a statewide average of
$1.23 per gallon. Home heating oil remained the same as last month’s figures,
ending with a statewide average of $2.58. Natural Gas prices fell $.06 at the
Henry Hub reporting site and ended the week at $2.78/MMbtu.
Continuing
throughout the summer months, we will only report retail heating oil and
propane prices in Iowa once a month.
Tips
for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.
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For more information, contact Dustin Vande Hoef, (515) 281-3375 or (515) 326-1616 (cell) or Dustin.VandeHoef@IowaAgriculture.gov
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