Regular unleaded gasoline in Iowa fell $.02 this week, closing at $3.29. The national average was down a penny, closing at $3.43.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.37 per barrel over last week, closing at $86.75.
Brent crude oil rose in price this week, currently at $110.49 per barrel, up $.84 from the previous week.
One year ago WTI crude sold for $98.01 and Brent crude was at $105.98.
Motor Fuels
As of Tuesday, November 20th, the price of regular unleaded gasoline averaged $3.29 across Iowa according to AAA. This is $.02 lower than last week and up $.01 from one year ago. The national average on Tuesday was $3.43, down a penny from last week’s price.
Retail diesel fuel prices in Iowa fell a penny on the Tuesday report with a statewide average of $3.82. One year ago diesel prices averaged $4.03 in Iowa. The current Iowa diesel average is $.18 per gallon lower than the national average of $4.00.
Wholesale ethanol prices rose $.05 this week, closing at $2.39. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.21 per gallon, down $.02 from last week’s price and up $.01 from one year ago.
Heating Fuels
Propane prices held steady from last week’s figures with a statewide average of $1.39 per gallon. Home heating oil rose $.02 from last week’s figures, ending with a statewide average of $3.50 per gallon. Natural Gas prices in Iowa rose $.04 from last week’s report, ending the week at $3.62 / MMbtu.
