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Natural Gas Prices Up this Week
Iowa Ag Connection - 08/06/2020

The price of natural gas rose 29 cents this week, currently at $2.21/MMbtu.

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.80 per barrel over last week, currently priced at $43.15.

Brent crude oil rose $2.10 and currently priced at $45.89.

One year ago, WTI crude sold for $54.69 and Brent crude was at $59.32.

As of Wednesday, the price of regular unleaded gasoline averaged $2.06 across Iowa according to AAA. Prices fell 1 cent from last week's price and 49 cents lower than one year ago. The national average on Wednesday was $2.18, down 1 cent from last week's price.

Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $2.21. One year ago, diesel prices averaged $2.85 in Iowa. The current Iowa diesel price is 22 cents less than the national average of $2.43.

Wholesale ethanol prices fell 3 cents, currently at $1.11.

The current Des Moines Terminal/Rack Prices are $1.18 for U87-E10, $1.30 for Unleaded 87 (clear), ULSD#2 is at $1.29, ULSD#1 is at $1.45, and E-70 priced at $1.27 per gallon.

Natural Gas prices rose 29 cents at the Henry Hub reporting site and are currently priced at $2.21/MMbtu.

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