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Diesel Prices Move Upward
Iowa Ag Connection - 10/11/2018

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.

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.

As of Tuesday, 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.

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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