The price of natural gas fell for the second straight week, down $.06 this week, closing at $3.21.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.03 per barrel over last week, closing at $93.15.
Brent crude oil fell in price this week, currently at $111.69 per barrel, down $.36 from the previous week.
One year ago WTI crude sold for $102.24 and Brent crude was at $111.07.
As of Tuesday, January 8th, the price of regular unleaded gasoline averaged $3.12 across Iowa according to AAA. This is down $.02 from last week and down $.10 from one year ago. The national average on Tuesday was $3.30, up a penny from last week’s price.
Retail diesel fuel prices in Iowa remained steady on the Tuesday report with a statewide average of $3.79. One year ago diesel prices averaged $3.74 in Iowa. The current Iowa diesel average is $.12 per gallon lower than the national average of $3.91.
Wholesale ethanol prices rose $.04 this week, closing at $2.22. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.03 per gallon, down $.03 from last week’s price and down $.11 from one year ago.
Propane prices held steady at last week’s figures with a statewide average of $1.40 per gallon. Home heating oil fell $.02 from last week’s figures, ending with a statewide average of $3.43 per gallon. Natural Gas prices in Iowa were down $.06 from last week’s report, ending the week at $3.21 / MMbtu.