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NATURAL GAS PRICES ON THE RISE

 
NATURAL GAS PRICES ON THE RISE
Posted January 9th, 2014 @ 4:39pm

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.

 

Motor Fuels

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.

 

Heating Fuels

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. 

 

 

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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