For Immediate Release: Thursday, Aug. 30, 2018
DES MOINES – The
price of natural gas dropped $.08 this week, closing at $2.93/MMbtu.
Crude
Oil Summary
The
price of global crude oil rose this week on the West Texas Intermediate (WTI)
by $1.71 per barrel over last week, and is currently priced at $69.58.
Brent
crude oil rose $2.38 and is currently priced at $77.17.
One
year ago WTI crude sold for $46.44 and Brent crude was at $51.64.
Motor
Fuels
As
of Tuesday, August 28, the price of regular unleaded gasoline averaged $2.72
across Iowa according to AAA. This is $.03 higher than last week and $.40 higher
than one year ago. The national average on Tuesday was $2.84, up a penny from last
week’s price.
Retail
diesel fuel prices in Iowa were $.01 higher than last week’s price with a
statewide average of $3.08. One year ago diesel prices averaged $2.51 in Iowa.
The current Iowa diesel price is $.07 less than the national average of $3.15.
Wholesale
ethanol prices were down $.03 from last week’s price, currently at $1.29.
The
current Des Moines Terminal/Rack Prices are $2.03 for U87-E10, $2.25 for Unleaded
87 (clear), ULSD#2 is at $2.32, ULSD#1 is at $2.52, and E-70 is priced at $1.63
per gallon.
Heating
Fuels
Natural
Gas prices fell $.08 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.
-30-
For more information, contact Dustin Vande Hoef, (515) 281-3375 or (515) 326-1616 (cell) or Dustin.VandeHoef@IowaAgriculture.gov
|