Breakthrough Web Design - 515-897-1144 - Web sites for businesses
News & Entertainment for Mason City, Clear Lake & the Entire North Iowa Region

Founded October 1, 2010

Ethanol prices spike again

This news story was published on April 8, 2014.
Advertise on NIT Subscribe to NIT

Ethanol flame

Ethanol flame

DES MOINES – Wholesale ethanol prices continued to trend upward with a $.55 rise last week, closing at $3.52. This is the third week in a row ethanol has seen double digit price increases.

Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $.66 per barrel over last week, currently at $99.66.

Brent crude oil fell $2.35 this week, currently at $104.69.

One year ago WTI crude sold for $97.19 and Brent crude was at $109.66.

Motor Fuels
As of Tuesday, April 1st, the price of regular unleaded gasoline averaged $3.56 across Iowa according to AAA. This is up $.03 from last week and down $.02 from one year ago. The national average on Tuesday was $3.56, up $.02 from last week’s price.

Retail diesel fuel prices in Iowa remained steady on the Tuesday report with a statewide average of $3.82. One year ago diesel prices averaged $3.90 in Iowa. The current Iowa diesel average is $.15 per gallon lower than the national average of $3.97.

Wholesale ethanol prices rose $.55 this week, closing at $3.52. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $3.46 per gallon, up $.03 from last week’s price and down $.03 from one year ago.

Heating Fuels
Natural Gas prices in Iowa were down $.13 from last week’s report, ending the week at $4.28 / MMbtu.

Going forward through September, we will only be publishing a monthly report on home heating oil and propane costs

Leave a Reply

Your email address will not be published.

 characters available