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Wholesale Ethanol Price Up Nine-Cents Per Gallon
Iowa Ag Connection - 07/02/2020

The price of ethanol rose 9 cents this week, currently at $1.21.

The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.50 per barrel over last week, currently priced at $39.48.

Brent crude oil rose $1.32 and currently priced at $41.57.

One year ago, WTI crude sold for $59.09 and Brent crude was at $65.10.

As of Wednesday, the price of regular unleaded gasoline averaged $2.10 across Iowa according to AAA. Prices rose $.02 from last week's price and $.47 lower than one year ago. The national average on Wednesday was $2.18 up $.02 from last week's price.

Retail diesel prices in Iowa were steady this week with a statewide average of $2.22. One year ago, diesel prices averaged $2.88 in Iowa. The current Iowa diesel price is $.22 less than the national average of $2.44.

Wholesale ethanol prices rose $.09, currently at $1.21.

The current Des Moines Terminal/Rack Prices are $1.20 for U87-E10, $1.33 for Unleaded 87 (clear), ULSD#2 is at $1.25, ULSD#1 is at $1.40, and E-70 priced at $1.33 per gallon.

Natural Gas prices rose $.01 at the Henry Hub reporting site and is currently priced at $1.69/MMbtu.

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