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Motor Fuels Rise; Crude Oil Down; Heating Fuels Steady
Posted 16 January, 2012
The
price of global crude oil went down this week with West Texas
Intermediate (WTI) $.72 lower per barrel over last week, closing at
$102.24.
Brent crude oil also fell this week, finishing at $113.30 per barrel on Tuesday’s close, down $.07 from the previous week.
Motor Fuels
As of Tuesday, January 10th, the price of regular unleaded gasoline
averaged $3.21 across Iowa according to AAA. This is up $.07 as
compared to last week. The national average on Tuesday was $3.37,
up $.08 from last week’s price.
Retail diesel fuel prices in Iowa were up a penny on the Tuesday report
with a statewide average of $3.75. This is $.11 per gallon
lower than the national average of $3.86.
Wholesale ethanol prices were up $.02 from last week, closing at
$2.26. The price of Mid-Grade Blend in Iowa (10% ethanol) closed
at $3.14 per gallon, up $.07 from last week’s price.
Heating Fuels
This week propane continued to hold steady with a statewide average of
$1.88 per gallon. Home heating oil rose $.08 compared to last
week’s report, ending with a statewide average of $3.39 per
gallon. Natural Gas prices in Iowa also held steady, ending the
week at $2.96 / MMbtu.
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