(Des Moines) Crude oil prices rose almost one-dollar per barrel this week, according to the Iowa Department of Agriculture and Land Stewardship.
According to the weekly report; the price of global crude oil rose this week on the West Texas Intermediate (WTI) by $.95 per barrel over last week, currently priced at $61.76. Brent crude oil rose $1.84 and is currently priced at $67.94. One year ago, WTI crude sold for $44.61 and Brent crude was at $44.48.
As of Friday, Dec. 27, the price of regular unleaded gasoline averaged $2.35 across Iowa according to AAA. Prices rose $.01 from last week’s price and $.34 higher than one year ago. The national average on Tuesday was $2.56, up to $.01 from last week’s price.
Retail diesel prices in Iowa were up $.01 this week with a statewide average of $2.85. One year ago, diesel prices averaged $2.78 in Iowa. The current Iowa diesel price is $.15 less than the national average of $3.00.
Wholesale ethanol prices increased $.06 from last week’s price, currently at $1.42. The current Des Moines Terminal/Rack Prices are $1.74 for U87-E10, $1.87 for Unleaded 87 (clear), ULSD#2 is at $2.05, ULSD#1 is at $2.32, and E-70 is priced at $1.53 per gallon.
Propane prices fell $.03 for a statewide average of $1.37 per gallon. Home heating oil prices remained steady, with a statewide average of $2.45 per gallon. Natural Gas prices fell $.06 at the Henry Hub reporting site and currently priced at $2.21/MMbtu.
Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.
