DES MOINES – Wholesale ethanol prices continued to trend upward with a $.55 rise this week, closing at $3.52. This is the third week in a row ethanol has seen double digit price increases.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.66 per barrel over last week, currently at $99.66.
Brent crude oil fell $2.35 this week, currently at $104.69.
One year ago WTI crude sold for $97.19 and Brent crude was at $109.66.
As of Tuesday, April 1st, the price of regular unleaded gasoline averaged $3.56 across Iowa according to AAA. This is up $.03 from last week and down $.02 from one year ago. The national average on Tuesday was $3.56, up $.02 from last week’s price.
Retail diesel fuel prices in Iowa remained steady on the Tuesday report with a statewide average of $3.82. One year ago diesel prices averaged $3.90 in Iowa. The current Iowa diesel average is $.15 per gallon lower than the national average of $3.97.
Wholesale ethanol prices rose $.55 this week, closing at $3.52. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.46 per gallon, up $.03 from last week’s price and down $.03 from one year ago.
Natural Gas prices in Iowa were down $.13 from last week’s report, ending the week at $4.28 / MMbtu.
Going forward through September, we will only be publishing a monthly report on home heating oil and propane costs.