DES MOINES – Natural gas prices surpassed $4.00 for the first time since June 2013. This week, prices rose $.48 to end the week at $4.31 / MMbtu.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.44 per barrel over last week, currently at $97.48.
Brent crude oil fell $2.86 this week, currently at $109.04.
One year ago WTI crude sold for $85.79 and Brent crude was at $107.60.
As of Tuesday, December 10th, the price of regular unleaded gasoline averaged $3.10 across Iowa according to AAA. This is down $.02 from last week and down $.13 from one year ago. The national average on Tuesday was $3.26, the same as last week’s price.
Retail diesel fuel prices in Iowa rose a penny on the Tuesday report with a statewide average of $3.78. One year ago diesel prices averaged $3.85 in Iowa. The current Iowa diesel average is $.08 per gallon lower than the national average of $3.86.
Wholesale ethanol prices rose $.24 this week, closing at $2.00. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $2.97 per gallon, down $.02 from last week’s price and down $.18 from one year ago.
Propane prices rose $.06 compared to last week’s price with a statewide average of $1.75 per gallon. Home heating oil fell $.05 from last week’s figures, ending with a statewide average of $3.43. Natural Gas prices in Iowa were up $.48 from last week’s report, ending the week at $4.31 / MMbtu.