Categorized | Local News

Natural Gas Prices Drop in Past Week

Posted on 18 September 2020 by KWBG

DES MOINES, Iowa—The weekly fuel report from the Iowa Department of Agriculture and Land Stewardship showed that he price of Natural Gas fell 38 cents this week, currently at $2.01.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $2.88 per barrel over last week, currently priced at $40.98.
  • Brent crude oil rose $2.62 and currently priced at $43.32.
  • One year ago, WTI crude sold for $59.34 and Brent crude was at $65.59.

 

Motor Fuels

  • As of Thursday, Sept. 17, the price of regular unleaded gasoline averaged $2.09 across Iowa according to AAA.
    • Prices fell 1 cent from last week’s price and 32 cents lower than one year ago.
    • The national average on Thursday was $2.18, down 3 cents from last week’s price.
  • Retail diesel prices in Iowa fell 2 cents this week with a statewide average of $2.21.
    • One year ago, diesel prices averaged $2.80 in Iowa.
    • The current Iowa diesel price is 20 cents less than the national average of $2.41.
  • Wholesale ethanol prices fell 2 cents at $1.29.
  • The current Des Moines Terminal/Rack Prices are $1.25 for U87-E10, $1.36 for Unleaded 87 (clear), ULSD#2 is at $1.21, ULSD#1 is at $1.40, and E-70 priced at $1.44 per gallon.

 

Heating Fuels

  • Natural Gas prices fell 38 cents at the Henry Hub reporting site and currently priced at $2.01/MMbtu.
  • Continuing throughout the summer months, we will only report retail heating oil and propane prices in Iowa once a month.

 

Tips for saving energy on the road or at home are available at energy.gov and fueleconomy.gov.

 

(contributed press release)

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