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Natural Gas Prices Rise $.08 this Week
Iowa Ag Connection - 10/15/2020

The price of Natural gas rose 8 cents this week, currently at $2.65/MMbtu.

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.37 per barrel over last week, currently priced at $40.96.

Brent crude oil rose $1.45 and currently priced at $43.15.

One year ago, WTI crude sold for $53.59 and Brent crude was at $58.81.

As of Wednesday, the price of regular unleaded gasoline averaged $2.07 across Iowa according to AAA. Prices fell $.01 from last week's price and $.35 lower than one year ago. The national average on Wednesday was $2.18, steady from last week's price.

Retail diesel prices in Iowa held steady this week with a statewide average of $2.18. One year ago, diesel prices averaged $2.85 in Iowa. The current Iowa diesel price is $.20 less than the national average of $2.38.

Wholesale ethanol rose $.04, currently at $1.42.

The current Des Moines Terminal/Rack Prices are $1.19 for U87-E10, $1.28 for Unleaded 87 (clear), ULSD#2 is at $1.24, ULSD#1 is at $1.45, and E-70 priced at $1.42 per gallon.

Propane prices rose $.02 from last month for a statewide average of $1.08 per gallon.

Home heating oil was up $.02 from last month, ending with a statewide average of $1.72 per gallon.

Natural Gas prices rose $.08 at the Henry Hub reporting site and currently priced at $2.65/MMbtu.

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.


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