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Iowa Ag News Headlines |
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Iowa Retail Gas Prices Relatively Steady
Iowa Ag Connection - 06/30/2016
Iowa retail gasoline and diesel prices remained steady this week, closing at $2.29 and $2.35 per gallon, respectively.
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.00 per barrel over last week, and is currently priced at $49.50.
Brent crude oil rose $.94, and is currently priced at $50.21.
One year ago WTI crude sold for $58.33 and Brent crude was at $59.03.
As of Tuesday, the price of regular unleaded gasoline averaged $2.29 across Iowa according to AAA. This is the same price as one week ago and $.43 lower than one year ago. The national average on Tuesday was $2.29, $.03 lower than last week.
Retail diesel fuel prices in Iowa held steady with a statewide average of $2.35. One year ago diesel prices averaged $2.70 in Iowa. The current Iowa diesel average is $.02 lower than the national average of $2.37.
Wholesale ethanol prices held steady this week, closing at $1.60.
The current Des Moines Terminal/Rack Prices are $1.45 for U87-E10, $1.67 for Unleaded 87 (clear), ULSD#2 is at $1.54, ULSD#1 is at $1.70, and E-70 is priced at $1.72 per gallon.
Natural Gas prices were $.10 higher at the Henry Hub reporting site and ended the week at $2.86/MMbtu.
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