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Iowa Ag News Headlines |
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Iowa Diesel Fuel Prices Drop
Iowa Ag Connection - 06/22/2017
The price of diesel in Iowa dropped $.05 this week, closing at $2.39 per gallon. This is $.08 lower than the national diesel average of $2.47.
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.49 per barrel over last week, and is currently priced at $43.24.
Brent crude oil was down $1.30 and is currently priced at $45.64.
One year ago WTI crude sold for $48.85 and Brent crude was at $48.18.
As of Tuesday, the price of regular unleaded gasoline averaged $2.20 across Iowa according to AAA. This is down $.05 from last week and $.10 lower than one year ago. The national average on Tuesday was $2.28, down $.04 from last week's price.
Retail diesel fuel prices in Iowa were down $.05 with a statewide average of $2.39. One year ago diesel prices averaged $2.35 in Iowa. The current Iowa diesel average is $.08 lower than the national average of $2.47.
Wholesale ethanol prices fell $.02 from last week's price, currently at $1.53.
The current Des Moines Terminal/Rack Prices are $1.38 for U87-E10, $1.57 for Unleaded 87 (clear), ULSD#2 is at $1.42, ULSD#1 is at $1.59, and E-70 is priced at $1.61 per gallon.
Propane prices were $.02 lower than last month's prices for a statewide average of $1.11 per gallon. Home heating oil fell $.08 from last month's figures, ending with a statewide average of $1.87. Natural Gas prices are down $.14 at the Henry Hub reporting
site and ended the week at $2.87/MMbtu.
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