DES MOINES – Propane prices dropped $.18, ending the week at $1.97. Natural gas prices fell $3.11 this week, closing at $4.67. 

 

Crude Oil Summary

The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $3.30 per barrel over last week, currently at $98.10.

 

Brent crude oil fell $.05 this week, currently at $107.93.

 

One year ago WTI crude sold for $92.54 and Brent crude was at $108.48.

 

Motor Fuels

As of Tuesday, March 11th, the price of regular unleaded gasoline averaged $3.56 across Iowa according to AAA.  This is up $.06 from last week and down $.11 from one year ago.  The national average on Tuesday was $3.49, up $.03 from last week’s price. 

 

Retail diesel fuel prices in Iowa held steady on the Tuesday report with a statewide average of $3.85.   One year ago diesel prices averaged $3.98 in Iowa.   The current Iowa diesel average is $.16 per gallon lower than the national average of $4.01.

 

Wholesale ethanol prices fell a penny this week, closing at $2.28. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.45 per gallon, up $.07 from last week’s price and down $.13 from one year ago.

 

Heating Fuels

Propane prices fell $.18 compared to last week’s price with a statewide average of $1.97 per gallon.  Home heating oil fell a penny from last week’s figures, ending with a statewide average of $3.52.  Natural Gas prices in Iowa were down $3.11 from last week’s report, ending the week at $4.67 / MMbtu.

 

 

Tips for saving energy on the road or at home are available at www.energysavers.gov and at www.fueleconomy.gov.