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ETHANOL PRICES ON THE RISE

 
ETHANOL PRICES ON THE RISE
Posted August 14th, 2014 @ 3:09pm

DES MOINES – Wholesale ethanol prices rose $.10 this week, closing at $2.07 per gallon.

 

Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.35 per barrel over last week, closing at $97.37.

 

Brent crude oil fell $.76, currently at $104.09.

 

One year ago WTI crude sold for $106.83 and Brent crude was at $110.69.

 

Motor Fuels

As of Tuesday, August 12th, the price of regular unleaded gasoline averaged $3.37 across Iowa according to AAA.  This is the same price as last week and down $.11 from one year ago.  The national average on Tuesday was $3.47, down a penny from last week’s price. 

 

Retail diesel fuel prices in Iowa held steady on the Tuesday report with a statewide average of $3.70.   One year ago diesel prices averaged $3.79 in Iowa.   The current Iowa diesel average is $.13 per gallon lower than the national average of $3.83.

 

Wholesale ethanol prices rose $.10 this week, closing at $2.07. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.33 per gallon, down a penny from last week’s price and $0.05 lower than one year ago.

 

Heating Fuels

Natural Gas prices were up $.07 from last week’s report, ending the week at $3.92 / 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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