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NATURAL GAS PRICES ON THE RISE; PROPANE PRICES DOWN

 
NATURAL GAS PRICES ON THE RISE; PROPANE PRICES DOWN
Posted February 5th, 2014 @ 4:58pm

DES MOINES – Natural gas prices in Iowa increased $.41 this week, closing the week at $5.65 / MMbtu.  This reflects a price increase of over a $1.00 in the past two weeks.  Propane prices in Iowa fell $.27 to $3.51 per gallon.

 Crude Oil Summary

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.12 per barrel over last week, currently at $97.34.

 Brent crude oil fell $1.38 this week, currently at $106.27.

 One year ago WTI crude sold for $96.64 and Brent crude was at $117.03.

 Motor Fuels

As of Tuesday, February 4th, the price of regular unleaded gasoline averaged $3.22 across Iowa according to AAA.  This is steady from last week and down $.27 from one year ago.  The national average on Tuesday was $3.27, down a penny from last week’s price. 

 Retail diesel fuel prices in Iowa were up a penny on the Tuesday report with a statewide average of $3.78.   One year ago diesel prices averaged $3.86 in Iowa.   The current Iowa diesel average is $.14 per gallon lower than the national average of $3.92.

 Wholesale ethanol prices rose $.19 this week, closing at $1.98. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.12 per gallon, holding steady from last week’s price and down $.28 from one year ago.

 

Heating Fuels

Propane prices fell $.27 compared to last week’s price with a statewide average of $3.51 per gallon.  Home heating oil remained steady at last week’s figures, ending with a statewide average of $3.42.  Natural Gas prices in Iowa were up $.41 from last week’s report, ending the week at $5.65 / 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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