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Natural Gas Price Up $.26 This Week
Iowa Ag Connection - 07/30/2020

The price of natural gas rose 26 cents this week, currently at $1.92/MMbtu.

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.02 per barrel over last week, currently priced at $41.35.

Brent crude oil rose $.07 and currently priced at $43.79.

One year ago, WTI crude sold for $56.87 and Brent crude was at $67.52.

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 $.49 lower than one year ago. The national average on Wednesday was $2.19, steady from last week's price.

Retail diesel prices in Iowa remained steady this week with a statewide average of $2.22. One year ago, diesel prices averaged $2.86 in Iowa. The current Iowa diesel price is $.21 less than the national average of $2.43.

Wholesale ethanol prices rose $.03, currently at $1.14.

The current Des Moines Terminal/Rack Prices are $1.22 for U87-E10, $1.25 for Unleaded 87 (clear), ULSD#2 is at $1.29, ULSD#1 is at $1.44, and E-70 priced at $1.35 per gallon.

Natural Gas prices rose $.26 at the Henry Hub reporting site and currently priced at $1.92/MMbtu.

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