Posted on 05 August 2020 by KWBG
DES MOINES, Iowa—The weekly fuel report from the Iowa Department of Agriculture and Land Stewardship shows that the price of natural gas rose 29 cents this week, currently at $2.21/MMbtu.
Crude Oil Summary
- The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.80 per barrel over last week, currently priced at $43.15.
- Brent crude oil rose $2.10 and currently priced at $45.89.
- One year ago, WTI crude sold for $54.69 and Brent crude was at $59.32.
- As of Wednesday, August 5, the price of regular unleaded gasoline averaged $2.06 across Iowa according to AAA.
- Prices fell 1 cent from last week’s price and 49 cents lower than one year ago.
- The national average on Wednesday was $2.18, down 1 cent from last week’s price.
- Retail diesel prices in Iowa fell 1 cent this week with a statewide average of $2.21. One year ago, diesel prices averaged $2.85 in Iowa. The current Iowa diesel price is 22 cents less than the national average of $2.43.
- Wholesale ethanol prices fell 3 cents, currently at $1.11.
- The current Des Moines Terminal/Rack Prices are $1.18 for U87-E10, $1.30 for Unleaded 87 (clear), ULSD#2 is at $1.29, ULSD#1 is at $1.45, and E-70 priced at $1.27 per gallon.
- Natural Gas prices rose 29 cents at the Henry Hub reporting site and are currently priced at $2.21/MMbtu.
- Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.
(contributed press release, IDALS)