DES MOINES – Propane costs in Iowa have risen steadily for the past fourteen consecutive weeks. This week saw propane prices rise $.04, closing the week at $2.00 per gallon.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.63 per barrel over last week, currently at $94.29.
Brent crude oil fell $.22 this week, currently at $107.00.
One year ago WTI crude sold for $93.28 and Brent crude was at $111.72.
As of Tuesday, January 14th, the price of regular unleaded gasoline averaged $3.21 across Iowa according to AAA. This is down $.03 from last week and up $.12 from one year ago. The national average on Tuesday was $3.31, holding steady at last week’s price.
Retail diesel fuel prices in Iowa were down $.02 on the Tuesday report with a statewide average of $3.78. One year ago diesel prices averaged $3.77 in Iowa. The current Iowa diesel average is $.09 per gallon lower than the national average of $3.87.
Wholesale ethanol prices fell $.02 this week, closing at $1.92. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.11 per gallon, down $.03 from last week’s price and up $.11 from one year ago.
Propane prices rose $.04 compared to last week’s price with a statewide average of $2.00 per gallon. Home heating oil fell $.02 from last week’s figures, ending with a statewide average of $3.40. Natural Gas prices in Iowa were down $.18 from last week’s report, ending the week at $4.35 / MMbtu.