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For Immediate Release: Thursday, Oct. 4, 2018
DES MOINES – The
price of crude oil increased $3.64, currently priced at $75.43 per barrel.
Brent crude oil increased $3.70, currently priced at $85.25 per barrel.
Crude
Oil Summary
The
price of global crude oil rose this week on the West Texas Intermediate (WTI)
by $3.64 per barrel over last week, and is currently priced at $75.43.
Brent
crude oil increased $3.70 and is currently priced at $85.25.
One
year ago WTI crude sold for $50.42 and Brent crude was at $56.12.
Motor
Fuels
As
of Tuesday, October 2, the price of regular unleaded gasoline averaged $2.87
across Iowa according to AAA. This is $.03 higher than last week and $.42 higher
than one year ago. The national average on Tuesday was $2.90, up $.03 from last
week’s price.
Retail
diesel fuel prices in Iowa were $.05 higher than last week’s price with a
statewide average of $3.20. One year ago diesel prices averaged $2.68 in Iowa.
The current Iowa diesel price is $.03 less than the national average of $3.23.
Wholesale
ethanol prices were up $.02 from last week’s price, currently at $1.31.
The
current Des Moines Terminal/Rack Prices are $2.16 for U87-E10, $2.35 for
Unleaded 87 (clear), ULSD#2 is at $2.52, ULSD#1 is at $2.77, and E-70 is priced
at $1.63 per gallon.
Heating
Fuels
Propane
prices were $.02 higher than prices on September 18 for a statewide average of
$1.32 per gallon. Home heating oil was up $.07 from the September 18 figures,
ending with a statewide average of $2.75. Natural Gas prices rose $.11 at the
Henry Hub reporting site and ended the week at $3.24/MMbtu.
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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