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For Immediate Release: Wednesday, Sept. 5, 2018
DES MOINES – The
price of diesel in Iowa rose $.03 this week, closing at $3.11 per gallon. Nationally, diesel prices rose $.02, ending
the week at $3.17 per gallon.
Crude
Oil Summary
The
price of global crude oil fell this week on the West Texas Intermediate (WTI)
by $.71 per barrel over last week, and is currently priced at $68.87.
Brent
crude oil rose $.04 and is currently priced at $77.21.
One
year ago WTI crude sold for $48.66 and Brent crude was at $53.63.
Motor
Fuels
As
of Tuesday, September 4, the price of regular unleaded gasoline averaged $2.71
across Iowa according to AAA. This is $.01 lower than last week and $.17 higher
than one year ago. The national average on Tuesday was $2.84, holding steady at
last week’s price.
Retail
diesel fuel prices in Iowa were $.03 higher than last week’s price with a
statewide average of $3.11. One year ago diesel prices averaged $2.61 in Iowa.
The current Iowa diesel price is $.06 less than the national average of $3.17.
Wholesale
ethanol prices were up $.03 from last week’s price, currently at $1.32.
The
current Des Moines Terminal/Rack Prices are $2.03 for U87-E10, $2.25 for
Unleaded 87 (clear), ULSD#2 is at $2.35, ULSD#1 is at $2.55, and E-70 is priced
at $1.64 per gallon.
Heating
Fuels
Natural
Gas prices rose $.03 at the Henry Hub reporting site and ended the week at
$2.96/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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