DES MOINES – The price of natural gas in Iowa rose $.21, ending the week at $4.53.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.90 per barrel over last week, currently at $92.66.
Brent crude oil rose $.29 this week, currently at $107.22.
One year ago WTI crude sold for $93.15 and Brent crude was at $113.03.
As of Tuesday, January 7th, the price of regular unleaded gasoline averaged $3.24 across Iowa according to AAA. This is down $.02 from last week and up $.12 from one year ago. The national average on Tuesday was $3.31, down $.02 from last week’s price.
Retail diesel fuel prices in Iowa were up $.02 on the Tuesday report with a statewide average of $3.80. One year ago diesel prices averaged $3.79 in Iowa. The current Iowa diesel average is $.08 per gallon lower than the national average of $3.88.
Wholesale ethanol prices fell a penny this week, closing at $1.94. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.14 per gallon, the same as last week’s price and up $.10 from one year ago.
Propane prices rose $.02 compared to last week’s price with a statewide average of $1.96 per gallon. Home heating oil fell $.06 from last week’s figures, ending with a statewide average of $3.42. Natural Gas prices in Iowa were up $.21 from last week’s report, ending the week at $4.53 / MMbtu.