DES MOINES, Iowa—

The price of natural gas fell $.09 this week, closing at $2.12 per MMbtu.

Crude Oil Summary

• The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.78 per barrel over last week, currently priced at $60.98.
• Brent crude oil fell $1.89 and is currently priced at $66.05.
• One year ago, WTI crude sold for $46.54 and Brent crude was at $54.06.

Motor Fuels

• As of Thursday, January 2, the price of regular unleaded gasoline averaged $2.38 across Iowa according to AAA.
  • Prices rose $.03 from last week’s price and $.40 higher than one year ago.
  • The national average on Thursday was $2.59, up $.04 from last week’s price.
• Retail diesel prices in Iowa were up $.03 this week with a statewide average of $2.87.
  • One year ago, diesel prices averaged $2.75 in Iowa.
  • The current Iowa diesel price is $.14 less than the national average of $3.01.
• Wholesale ethanol prices decreased $.03 from last week’s price, currently at $1.39.
• The current Des Moines Terminal/Rack Prices are $1.68 for U87-E10, $1.81 for Unleaded 87 (clear), ULSD#2 is at $2.02, ULSD#1 is at $2.28, and E-70 is priced at $1.50 per gallon.

Heating Fuels

• Propane prices fell $.05 for a statewide average of $1.32 per gallon.
• Home heating oil prices remained steady, with a statewide average of $2.45 per gallon.
• Natural Gas prices fell $.09 at the Henry Hub reporting site and currently priced at $2.12/MMbtu.

(contributed press release IDALS)