For Immediate Release: Wednesday, Oct. 10, 2018
DES MOINES – The
price of diesel in Iowa rose $.07 this week, closing at $3.27 per gallon. Nationally,
diesel prices rose $.06, closing at $3.29 per gallon.
Crude
Oil Summary
The
price of global crude oil fell this week on the West Texas Intermediate (WTI)
by $2.13 per barrel over last week, and is currently priced at $73.30.
Brent
crude oil fell $1.89 and is currently priced at $83.36.
One
year ago WTI crude sold for $50.92 and Brent crude was at $56.62.
Motor
Fuels
As
of Tuesday, October 9, the price of regular unleaded gasoline averaged $2.86
across Iowa according to AAA. This is $.01 lower than last week and $.44 higher
than one year ago. The national average on Tuesday was $2.91, up a penny from last
week’s price.
Retail
diesel fuel prices in Iowa were $.07 higher than last week’s price with a
statewide average of $3.27. One year ago diesel prices averaged $2.68 in Iowa.
The current Iowa diesel price is $.02 less than the national average of $3.29.
Wholesale
ethanol prices held steady at last week’s price, currently at $1.31.
The
current Des Moines Terminal/Rack Prices are $2.08 for U87-E10, $2.27 for
Unleaded 87 (clear), ULSD#2 is at $2.54, ULSD#1 is at $2.77, and E-70 is priced
at $1.62 per gallon.
Heating
Fuels
Propane
prices were a penny higher than last week for a statewide average of $1.33 per
gallon. Home heating oil was up $.07 from last week’s figures, ending with a
statewide average of $2.82. Natural Gas prices rose $.05 at the Henry Hub
reporting site and ended the week at $3.29/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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