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Iowa Ag News Headlines |
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Iowa Retail Gas, Diesel Prices Trending Higher
Iowa Ag Connection - 08/25/2016
The price of retail gasoline in Iowa rose $.09, closing the week at $2.25 per gallon. The price of Iowa diesel rose $.07, closing at $2.36 per gallon.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.41 per barrel over last week, and is currently priced at $46.74.
Brent crude oil fell $.33, and is currently priced at $48.96.
One year ago WTI crude sold for $38.24 and Brent crude was at $41.59.
As of Tuesday, the price of regular unleaded gasoline averaged $2.25 across Iowa according to AAA. This is $.09 higher than one week ago and $.41 lower than one year ago. The national average on Tuesday was $2.19, which is $.06 higher than last week's
price.
Retail diesel fuel prices in Iowa were up $.07 with a statewide average of $2.36. One year ago diesel prices averaged $2.50 in Iowa. The current Iowa diesel average is $.02 higher than the national average of $2.34.
Wholesale ethanol prices were $.02 higher this week, closing at $1.45.
The current Des Moines Terminal/Rack Prices are $1.54 for U87-E10, $1.81 for Unleaded 87 (clear), ULSD#2 is at $1.63, ULSD#1 is at $1.79, and E-70 is priced at $1.62 per gallon.
Natural Gas prices held steady at the Henry Hub reporting site and ended the week at $2.71/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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