DES MOINES – Crude oil prices fell slightly with the West Texas Intermediate down $.22 to $98.48 per barrel.  However, unleaded gasoline increased $.10 in Iowa to $3.29 and the mid-grade blend with 10 percent ethanol also increased $.10 as well to $3.21.  A summary of the report follows, the full report is attached:

 Crude Oil Summary

The price of global crude oil went down slightly this week with West Texas Intermediate (WTI) $.22 lower per barrel over last week, closing at $98.48.

 Brent crude oil rose this week, finishing at $110.26 per barrel on Tuesday’s close, up $1.88 from the previous week.

 One year ago WTI crude sold for $90.77 and Brent crude was at $100.40.

 Motor Fuels

As of Tuesday, January 31st, the price of regular unleaded gasoline averaged $3.29 across Iowa according to AAA.  This is up $.10 as compared to last week and up $.18 from one year ago.  The national average on Tuesday was $3.45, up $.07 from last week’s price. 

 Retail diesel fuel prices in Iowa went down a penny on the Tuesday report with a statewide average of $3.75.   One year ago diesel prices averaged $3.41 in Iowa.   The current Iowa diesel average is $.13 per gallon lower than the national average of $3.88.

 Wholesale ethanol prices were down $.01 from last week, closing at $2.17.  The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.21 per gallon, up ten cents from last week’s price and down $.06 from one year ago.

 Heating Fuels

This week propane was down a penny with a statewide average of $1.85 per gallon.  Home heating oil rose $.04, ending with a statewide average of $3.40 per gallon.  Natural Gas prices in Iowa dropped $.10 ending the week at $2.50 / MMbtu.

Stop by and see our NEW WHO…Big Show Traveling Trailer at the Iowa Power Farming Show!  The Big Show is ready to travel to your location, whether in the field or in the office…stop by and take a look…..Many thanks to our friends at Titan Tire for making the Big Show roll!

 The BIG SHOW will be LIVE Tuesday and Wednesday from the  Brokaw Supply Booth #2204 in Hy Vee Hall from 11:30 a - 1 p.

The BIG SHOW will be LIVE on Tuesday and Wednesday from the  Brokaw Supply Booth #2204 in Hy Vee Hall from 11:30 a - 1 p at the Iowa Power Farming Show.

Mark Pearson will be conducting interviews  and would love to have you stop over to visit.  We will have lots of goodies for People to stop by and pick up….If you need a 2012 Tractor Ride application we will have them and we will also take applications and money.  Stop and look at our NEW….WHO Big Show Trailer…ready to travel the state to give you the best coverage on all  Agricultural news.

 See you at the SHOW!

Total Cattle and Calves  -               98% (98.4% expected)
Cows/Heifers that have calves  -    98 % (98% expected)
Beef cows                           -           97 % (97.5% expected)
Calf Crop 2010                 -             99 % (99% expected)

 DES MOINES – The West Texas Intermediate showed crude oil prices down again this past week, falling $2.01 to $98.70 per barrel.  Unleaded gasoline decreased $.01 in Iowa to $3.19 and the mid-grade blend with 10 percent ethanol decreased $.01 as well to $3.11.  A summary of the report follows, the full report is attached:

 Crude Oil Summary

The price of global crude oil went down this week with West Texas Intermediate (WTI) $2.01 lower per barrel over last week, closing at $98.70.

 Brent crude oil fell for the third week in a row, finishing at $108.38 per barrel on Tuesday’s close, down $1.43 from the previous week.

 One year ago WTI crude sold for $85.19 and Brent crude was at $96.76.

 Motor Fuels

As of Tuesday, January 24th, the price of regular unleaded gasoline averaged $3.19 across Iowa according to AAA.  This is down a penny as compared to last week and up $.08 from one year ago.  The national average on Tuesday was $3.38, holding steady from last week’s price. 

 Retail diesel fuel prices in Iowa remained constant on the Tuesday report with a statewide average of $3.76.   One year ago diesel prices averaged $3.40 in Iowa.   The current Iowa diesel average is $.11 per gallon lower than the national average of $3.87.

 Wholesale ethanol prices were up $.04 from last week, closing at $2.18.  The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.11 per gallon, down $.01 from last week’s price and down $.16 from one year ago.

 Heating Fuels

This week propane held steady with a statewide average of $1.86 per gallon.  Home heating oil dropped $.03, ending with a statewide average of $3.36 per gallon.  Natural Gas prices in Iowa rose $.13 ending the week at $2.60 / MMbtu.