|
For Immediate Release: Wednesday, Dec. 12, 2018
DES MOINES – The price of heating oil in Iowa fell $.10, closing at $2.34.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.07 per barrel over last week, currently priced at $52.30.
Brent crude oil fell $1.16, and it is currently priced at $61.10.
One year ago, WTI crude sold for $57.14 and Brent crude was at $64.96.
Motor Fuels
As of Tuesday, December 11, the price of regular unleaded gasoline averaged $2.15 across Iowa according to AAA. This is $.03 lower than last week and $.27 lower than one year ago. The national average on Tuesday was $2.41, down $.04 from last week’s price.
Retail diesel fuel prices in Iowa were $.06 lower than last week’s price with a statewide average of $2.90. One year ago, diesel prices averaged $2.82 in Iowa. The current Iowa diesel price is $.20 less than the national average of $3.10.
Wholesale ethanol prices were $.02 lower than last week’s price, currently at $1.25.
The current Des Moines Terminal/Rack Prices are $1.45 for U87-E10, $1.57 for Unleaded 87 (clear), ULSD#2 is at $1.87, ULSD#1 is at $2.27, and E-70 is priced at $1.39 per gallon.
Heating Fuels
Propane prices were the same as last week for a statewide average of $1.34 per gallon. Home heating oil was down $.10 from last week’s figures, ending with a statewide average of $2.34. Natural Gas prices fell $.27 at the Henry Hub reporting site and currently priced at $4.20/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
|
