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For Immediate Release: Wednesday, Aug. 8, 2018
DES MOINES – Crude
oil prices fell this week with the West Texas Intermediate down $2.16 per
barrel, currently at $66.58. Brent crude fell $2.37, currently priced at $71.88
per barrel.
Crude
Oil Summary
The
price of global crude oil fell this week on the West Texas Intermediate (WTI)
by $2.16 per barrel over last week, and is currently priced at $66.58.
Brent
crude oil fell $2.37 and is currently priced at $71.88.
One
year ago WTI crude sold for $49.17 and Brent crude was at $52.18.
Motor
Fuels
As
of Tuesday, August 7, the price of regular unleaded gasoline averaged $2.73
across Iowa according to AAA. This is the same price as last week and $.42
higher than one year ago. The national average on Tuesday was $2.87, up $0.01
from last week’s price.
Retail
diesel fuel prices in Iowa were $.01 lower than last week’s price with a
statewide average of $3.07. One year ago diesel prices averaged $2.49 in Iowa.
The current Iowa diesel price is $.08 less than the national average of $3.15.
Wholesale
ethanol prices were down $.07 from last week’s price, currently at $1.39.
The
current Des Moines Terminal/Rack Prices are $2.06 for U87-E10, $2.27 for
Unleaded 87 (clear), ULSD#2 is at $2.28, ULSD#1 is at $2.45, and E-70 is priced
at $1.71 per gallon.
Heating
Fuels
Natural
Gas prices rose $.17 at the Henry Hub reporting site and ended the week at
$2.93/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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