Categorized | Local News

Weekly Fuel Report, Prices Increases Continue

Posted on 15 September 2021 by KWBG

DES MOINES, Iowa—Gas at the pump was mostly unchanged this week, but the weekly fuel report from the Iowa Department of Agriculture and Land Stewardship did show natural gas prices rose 53 cents at the Henry Hub reporting site and are currently priced at $5.41/MMbtu.

Crude Oil Summary

  • The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $3.29 per barrel over last week, currently priced at $72.59.
  • Brent crude oil rose $2.96 and currently priced at $75.56.
  • One year ago, WTI crude sold for $42.01 and Brent crude was at $39.54.

Motor Fuels

  • As of Wednesday, September 15, the price of regular unleaded gasoline averaged $3.00 across Iowa according to AAA.
    • Prices held steady from last week’s price and $.92 higher than one year ago.
    • The national average on Wednesday was $3.18, steady from last week’s price.
  • Retail diesel prices in Iowa were up 1 cent this week with a statewide average of $3.11.
    • One year ago, diesel prices averaged $2.21 in Iowa.
    • The current Iowa diesel price is 19 cents less than the national average of $3.30.
  • Wholesale ethanol was steady and is currently priced at $2.21.
  • The current Des Moines Terminal/Rack Prices are $2.15 for U87-E10, $2.34 for Unleaded 87 (clear), $2.27 for ULSD#2, $2.43 for ULSD#1, and $2.47 per gallon for E-70 prices.

Heating Fuels

  • Propane prices fell 17 cents with a statewide average of $1.69 per gallon.
  • Home heating oil fell 1 cent from last week, ending with a statewide average of $2.66 per gallon.
  • Natural gas prices rose 53 cents at the Henry Hub reporting site and are currently priced at $5.41/MMbtu.

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

 

(contributed press release, IDALS)

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