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Iowa Ag News Headlines |
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Moderate Increase in Retail Gasoline Prices
Iowa Ag Connection - 05/25/2017
The price of retail gasoline in Iowa rose $.04 this week, closing at $2.29 per gallon. Nationally, the price of retail gasoline averaged $2.37 per gallon, an increase of $.03 from last week.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.06 per barrel over last week, and is currently priced at $51.29.
Brent crude oil was up $1.55 and is currently priced at $53.90.
One year ago WTI crude sold for $48.62 and Brent crude was at $48.42.
As of Tuesday, the price of regular unleaded gasoline averaged $2.29 across Iowa according to AAA. This is up $.04 from last week and $.05 higher than one year ago. The national average on Tuesday was $2.37, up $.03 from last week's price.
Retail diesel fuel prices in Iowa held steady with a statewide average of $2.46. One year ago diesel prices averaged $2.25 in Iowa. The current Iowa diesel average is $.05 lower than the national average of $2.51.
Wholesale ethanol prices rose $.06 from last week's price, currently at $1.51.
The current Des Moines Terminal/Rack Prices are $1.61 for U87-E10, $1.83 for Unleaded 87 (clear), ULSD#2 is at $1.67, ULSD#1 is at $1.83, and E-70 is priced at $1.62 per gallon.
Natural Gas prices are down $.03 at the Henry Hub reporting site and ended the week at $3.20/ 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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