DES MOINES –Natural Gas prices in Iowa were up $.15 from last week’s report, ending the week at $3.91/MMbtu. Iowa unleaded gasoline is down $.38 from its high four weeks ago.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.08 per barrel over last week, closing at $98.44.
Brent crude oil rose in price this week by $2.66 per barrel, currently at $106.04.
One year ago WTI crude sold for $84.03 and Brent crude was at $95.14.
As of Tuesday, June 18th, the price of regular unleaded gasoline averaged $3.64 across Iowa according to AAA. This is down $.08 from last week and up $.15 from one year ago. The national average on Tuesday was $3.60, down $.03 from last week’s price.
Retail diesel fuel prices in Iowa were down a penny on the Tuesday report with a statewide average of $3.74. One year ago diesel prices averaged $3.63 in Iowa. The current Iowa diesel average is $.11 per gallon lower than the national average of $3.85.
Wholesale ethanol prices rose $.06 this week, closing at $2.50. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.54 per gallon, down $.09 from last week’s price and up $.13 from one year ago.
Propane prices fell $.02 compared to last month’s price with a statewide average of $1.37 per gallon. Home heating oil was down $.02 from last month’s figures, ending with a statewide average of $3.43. Natural Gas prices in Iowa were up $.15 from last week’s report, ending the week at $3.91 / MMbtu.