DES MOINES – There was a substantial increase in the average retail propane price in Iowa which rose $.11 from last month’s prices to close at $1.54.
Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.62 per barrel over last week, currently at $108.26.
Brent crude oil fell $.83 this week, currently at $110.72.
One year ago WTI crude sold for $95.29 and Brent crude was at $113.29.
As of Tuesday, September 17th, the price of regular unleaded gasoline averaged $3.55 across Iowa according to AAA. This is down $.09 from last week and down $.31 from one year ago. The national average on Tuesday was $3.51, down $.05 from last week’s price.
Retail diesel fuel prices in Iowa were down a penny on the Tuesday report with a statewide average of $3.89. One year ago diesel prices averaged $4.02 in Iowa. The current Iowa diesel average is $.05 per gallon lower than the national average of $3.94.
Wholesale ethanol prices fell $.11 this week, closing at $1.79. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.46 per gallon, down $.08 from last week’s price and down $.32 from one year ago.
Propane prices rose $.11 compared to last month’s price with a statewide average of $1.54 per gallon. Home heating oil remained steady at last month’s figures, ending with a statewide average of $3.51. Natural Gas prices in Iowa were up $.13 from last week’s report, ending the week at $3.76 / MMbtu.