DES MOINES – Natural gas prices in Iowa dropped $1.83 this week, closing the week at $5.80 / MMbtu. Propane prices continued to decline, closing at $2.81, a $.27 drop this week.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.68 per barrel over last week, currently at $102.99.
Brent crude oil rose $1.78 this week, currently at $110.54.
One year ago WTI crude sold for $96.66 and Brent crude was at $117.04.
As of Tuesday, February 18th, the price of regular unleaded gasoline averaged $3.33 across Iowa according to AAA. This is up $.08 from last week and down $.40 from one year ago. The national average on Tuesday was $3.38, up $.06 from last week’s price.
Retail diesel fuel prices in Iowa rose a penny on the Tuesday report with a statewide average of $3.79. One year ago diesel prices averaged $4.03 in Iowa. The current Iowa diesel average is $.18 per gallon lower than the national average of $3.97.
Wholesale ethanol prices rose $.14 this week, closing at $2.10. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.22 per gallon, up $.07 from last week’s price and down $.42 from one year ago.
Propane prices fell $.27 compared to last week’s price with a statewide average of $2.81 per gallon. Home heating oil rose $.03 from last week’s figures, ending with a statewide average of $3.49. Natural Gas prices in Iowa were down $1.83 from last week’s report, ending the week at $5.80 / MMbtu.