DES MOINES – Ethanol prices climbed $.43 this week, closing at $2.35.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $4.82 per barrel over last week, currently at $97.04.
Brent crude oil rose $.86 this week, currently at $111.90.
One year ago WTI crude sold for $88.50 and Brent crude was at $109.99.
As of Tuesday, December 3rd, the price of regular unleaded gasoline averaged $3.12 across Iowa according to AAA. This is down $.02 from last week and down $.17 from one year ago. The national average on Tuesday was $3.26, down $.03 from last week’s price.
Retail diesel fuel prices in Iowa rose $.02 on the Tuesday report with a statewide average of $3.77. One year ago diesel prices averaged $3.87 in Iowa. The current Iowa diesel average is $.08 per gallon lower than the national average of $3.85.
Wholesale ethanol prices rose $.43 this week, closing at $2.35. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $2.99 per gallon, down $.03 from last week’s price and down $.22 from one year ago.
Propane prices rose a penny compared to last week’s price with a statewide average of $1.69 per gallon. Home heating oil fell a penny from last week’s figures, ending with a statewide average of $3.48. Natural Gas prices in Iowa were down $.02 from last week’s report, ending the week at $3.83 / MMbtu.
JOHNSTON, IOWA – The Iowa Renewable Fuels Association (IRFA) today announced Renewable Fuels Association (RFA) President and CEO Bob Dinneen will give the Industry keynote address at the 8th Annual Iowa Renewable Fuels Summit and Trade Show taking place at The Meadows Conference Center at Prairie Meadows in Altoona, Iowa, on January 28, 2014.
Under Dinneen’s leadership for more than two decades, the RFA has been a driving force behind creating a dynamic and robust national ethanol industry. Dinneen was instrumental in enacting the Renewable Fuel Standard (RFS) in 2005 and, two years later, in expanding the RFS to 36 billion gallons by 2022.
“As the ethanol industry faces one of its most challenging times in history, we’re fortunate to have RFA and Bob Dinneen leading the charge to preserve and advance the federal Renewable Fuel Standard,” stated Rick Schwarck, IRFA President and President of Absolute Energy in St. Ansgar. “Powerful forces stand in staunch opposition to the RFS and development of next generation ethanol. Summit attendees are lucky to hear the latest RFS and ethanol insight from a top insider like Dinneen.”
The Renewable Fuels Summit and Trade Show is free and open to the public. To register and learn about sponsorship and trade show opportunities, please visit: http://iowarfa.org/2014Summit.php.
Iowa is the leader in renewable fuels production. Iowa has 42 ethanol refineries capable of producing over 3.8 billion gallons annually, with three cellulosic ethanol facilities currently under construction. In addition, Iowa has 12 biodiesel facilities with the capacity to produce nearly 315 million gallons annually.
The Iowa Renewable Fuels Association was formed in 2002 to represent the state’s liquid renewable fuels industry. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development.
For more information, visit the Iowa Renewable Fuels Association website at: www.IowaRFA.org
Follow this link for the full story: www.unitedsoybeanboard.org/article/wintertime-fuel-handling
DES MOINES – Home heating oil rose $.14 cents this week, closing at $3.49, while natural gas prices were up $.22, closing at $3.85. Iowa retail diesel fuel prices rose $.08, ending the week at $3.75.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.98 per barrel over last week, currently at $92.22.
Brent crude oil rose $3.04 this week, currently at $111.04.
One year ago WTI crude sold for $87.18 and Brent crude was at $109.33.
As of Tuesday, November 26th, the price of regular unleaded gasoline averaged $3.14 across Iowa according to AAA. This is up $.06 from last week and down $.16 from one year ago. The national average on Tuesday was $3.29, up $.08 from last week’s price.
Retail diesel fuel prices in Iowa rose $.08 on the Tuesday report with a statewide average of $3.75. One year ago diesel prices averaged $3.87 in Iowa. The current Iowa diesel average is $.09 per gallon lower than the national average of $3.84.
Wholesale ethanol prices rose $.08 this week, closing at $1.92. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.02 per gallon, up $.07 from last week’s price and down $.19 from one year ago.
Propane prices rose $.02 compared to last week’s price with a statewide average of $1.68 per gallon. Home heating oil rose $.14 from last week’s figures, ending with a statewide average of $3.49. Natural Gas prices in Iowa were up $.22 from last week’s report, ending the week at $3.85 / MMbtu.
WEST DES MOINES, IOWA – Nov. 27, 2013 – Even though harvest season has wrapped up and tractors are in the shed, Iowa grain farmers continue to work through winter, seeking ways to improve their conservation practices. As members of the state’s largest grassroots farm organization gather for the 95th annual Iowa Farm Bureau meeting, the December 3rd “Innovations in Conservation” educational seminar is expected to draw farmers from around the state to hear the latest practices and see which ones best suit their farms for the 2014 planting season.
The week of Dec. 2-8 has been declared ‘Iowa Farm Bureau Week’ by Governor Terry Branstad to celebrate the many accomplishments and contributions of the 95-year-old grassroots farm organization. Included in the list of accomplishments and contributions is innovation and improvement in conservation. Bill Northey, Iowa Secretary of Agriculture; Jeff Pape, chairman of the Hewitt Creek Watershed Council; and Doug Adams, president of Humboldt County Farm Bureau, will lead the conservation-themed seminar as Iowa farmers seek the latest information on conservation.
Pape is encouraged not only by participation in his local watershed, but the measureable results. “We have been encouraged to see so many local farmers working together over a number of years to put in new practices on more and more acres,” said Pape. “It has taken a few years to see the results, but that’s why farmers are looking for new things that will work on their farm to protect the watershed and reduce erosion. This is something that’s important not just to farmers, but to everyone.”
More farmers are seeking information and are working to conserve Iowa’s resources than ever before. The Iowa Department of Agriculture and Land Stewardship (IDALS) has received a record number of applications for cost share funding to support the Iowa Nutrient Reduction Strategy (INRS). Within days of accepting applications for conservation cost share funding this fall, IDALS received applications from 1,096 farmers representing 97 of 100 Soil and Water Conservation Districts in the state. In addition, 17 watersheds recently applied for more than $6.5 million in new state funding to help implement INRS. With only $5.5 million available, it’s clear that a record number of Iowa farmers desire the latest information on effective conservation practices and seek to implement those practices on their farms across the state.
For a complete listing of Annual Meeting events and activities, visit www.iowafarmbureau.com. You can follow the conversation on Twitter using the hashtag #IFBF13.
About Iowa Farm Bureau
The Iowa Farm Bureau Federation is a grassroots, statewide organization dedicated to enhancing the People, Progress and Pride of Iowa. More than 153,000 families in Iowa are Farm Bureau members, working together to achieve farm and rural prosperity. For more information about Farm Bureau and agriculture, visit the Newsroom page on the IFBF website at www.iowafarmbureau.com.