DES MOINES – For the third consecutive week, retail gasoline prices in Iowa recorded an increase. Prices rose $.11 this week, closing at $3.44 as of Tuesday. Prices appear to have moved higher since yesterday but will not be reflected until next week’s report.
Propane prices fell $.22, averaging $2.59 per gallon.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.22 per barrel over last week, currently at $102.77.
Brent crude oil fell $.80 this week, currently at $109.74.
One year ago WTI crude sold for $92.63 and Brent crude was at $112.96.
Motor Fuels
As of Tuesday, February 25th, the price of regular unleaded gasoline averaged $3.44 across Iowa according to AAA. This is up $.11 from last week and down $.32 from one year ago. The national average on Tuesday was $3.43, up $.05 from last week’s price.
Retail diesel fuel prices in Iowa rose $.04 on the Tuesday report with a statewide average of $3.83. One year ago diesel prices averaged $4.03 in Iowa. The current Iowa diesel average is $.17 per gallon lower than the national average of $4.00.
Wholesale ethanol prices rose $.13 this week, closing at $2.23. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.34 per gallon, up $.12 from last week’s price and down $.33 from one year ago.
Heating Fuels
Propane prices fell $.22 compared to last week’s price with a statewide average of $2.59 per gallon. Home heating oil rose $.05 from last week’s figures, ending with a statewide average of $3.54. Natural Gas prices in Iowa were down $.18 from last week’s report, ending the week at $5.62 / MMbtu.
I’m glad to see LP prices falling. I know several people who are living with their tanks under 20% because they don’t want to refill at high prices. One is under 5%, which wouldn’t allow me to sleep well with the cold weather we’ve been having. Here’s hoping that it keeps dropping.
So my car is parked in direct sun. Yesterday was cold -8 and -12 by some temp readings, yet when I get into my car the interior is amazingly warm. How is this possible? Duh…because passive solar gain WORKS! Yet people keep designing homes the stupid way and disregard this amazingly free greenhouse effect.
Start a SOLAR REVOLUTION. Put the powers that be out of business for good.
Yeah Snyder Construction…I’m talking to YOU…IDIOTS. Banging up a bunch of structures that are inherently WORTHLESS for the 21st century new paradigm…polluting our landscape with non-intelligent buildings which will all have to be bulldozed when the Solar Revolutionary Forces take over.
What does your car run on?
Hot air? Im sorry but i couldnt help myself