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Iowa Ag News Headlines
Wholesale Ethanol Prices Drop
Iowa Ag Connection - 07/11/2019

The price of wholesale ethanol dropped $.09 this week, and is currently priced at $1.49 per gallon.

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.74 per barrel over last week, and is currently priced at $59.71.

Brent crude oil rose $2.60, and is currently priced at $66.33.

One year ago, WTI crude sold for $74.11 and Brent crude was priced at $77.80.

As of Tuesday, the price of regular unleaded gasoline averaged $2.59 across Iowa according to AAA. This is the same price as last week and $.16 lower than one year ago. The national average on Tuesday was $2.75, $.01 lower than last week's price.

Retail diesel fuel prices in Iowa were $.01 higher than last week's price with a statewide average of $2.89. One year ago, diesel prices averaged $3.10 in Iowa. The current Iowa diesel price is $.11 less than the national average of $3.00.

Wholesale ethanol prices fell $.09 from last week's price, and is currently priced at $1.49.

The current Des Moines Terminal/Rack Prices are $1.87 for U87-E10, $2.11 for Unleaded 87 (clear), ULSD#2 is at $1.92, ULSD#1 is at $2.24, and E-70 is priced at $1.68 per gallon.

Natural Gas prices rose $.08 at the Henry Hub reporting site and is currently priced at $2.47/MMbtu.

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

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