For Immediate Release: Wednesday, Sept. 19, 2018
DES MOINES – The
price of retail gasoline in Iowa rose $.06 this week, closing at $2.76 per
gallon.
Crude
Oil Summary
The
price of global crude oil rose this week on the West Texas Intermediate (WTI)
by $.52 per barrel over last week, and is currently priced at $71.18.
Brent
crude oil fell $.32 and is currently priced at $79.22.
One
year ago WTI crude sold for $49.48 and Brent crude was at $56.58.
Motor
Fuels
As
of Tuesday, September 18, the price of regular unleaded gasoline averaged $2.76
across Iowa according to AAA. This is $.06 higher than last week and $.16 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 $.01 higher than last week’s price with a
statewide average of $3.13. One year ago diesel prices averaged $2.65 in Iowa.
The current Iowa diesel price is $.05 less than the national average of $3.18.
Wholesale
ethanol prices were down $.03 from last week’s price, currently at $1.26.
The
current Des Moines Terminal/Rack Prices are $2.13 for U87-E10, $2.34 for
Unleaded 87 (clear), ULSD#2 is at $2.34, ULSD#1 is at $2.54, and E-70 is priced
at $1.63 per gallon.
Heating
Fuels
Propane
prices were $.04 higher than last month’s prices for a statewide average of
$1.30 per gallon. Home heating oil was up $.09 from last month’s figures,
ending with a statewide average of $2.68. Natural Gas prices rose $.08 at the
Henry Hub reporting site and ended the week at $2.97/MMbtu.
Continuing
through Sept., 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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