|
For Immediate Release: Wednesday, Nov. 21, 2018
DES MOINES – The price of Iowa retail fuels dropped significantly with gasoline prices down $.14, closing at $2.37 per gallon, and diesel prices down $.07, closing at $3.13 per gallon.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $2.32 per barrel over last week, currently priced at $54.42.
Brent crude oil fell $3.53 and is currently priced at $63.25.
One year ago, WTI crude sold for $56.83 and Brent crude was at $62.28.
Motor Fuels
As of Tuesday, November 20, the price of regular unleaded gasoline averaged $2.37 across Iowa according to AAA. This is $.14 lower than last week and $.15 lower than one year ago. The national average on Tuesday was $2.60, down $.08 from last week’s price.
Retail diesel fuel prices in Iowa were $.07 lower than last week’s price with a statewide average of $3.13. One year ago, diesel prices averaged $2.82 in Iowa. The current Iowa diesel price is $.09 less than the national average of $3.22.
Wholesale ethanol prices were $.01 higher than last week’s price, currently at $1.25.
The current Des Moines Terminal/Rack Prices are $1.58 for U87-E10, $1.75 for Unleaded 87 (clear), ULSD#2 is at $2.10, ULSD#1 is at $2.43, and E-70 is priced at $1.45 per gallon.
Heating Fuels
Propane prices were a penny lower than last week for a statewide average of $1.34 per gallon. Home heating oil was down $.03 from last week’s figures, ending with a statewide average of $2.63. Natural Gas prices fell $.08 at the Henry Hub reporting site and currently priced at $4.63/MMbtu.
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
|
