Diesel And Lumber Prices – March 12, 2019

Diesel Prices

Current diesel national average $3.079 per gallon.

National Average Diesel Price Per Gallon: $3.079

U.S. sanctions against two OPEC members – Venezuela and Iran – have caused some ripples in the oil market. But overall, the sanctions’ effects have been muted.

Increased oil production in the United States has offset sanctions against Iranian oil.

Moreover, Venezuela’s oil operations had already been deteriorating due to continued political and economic upheaval in the country.

 

Crude Oil & Natural Gas

Units Price Change vs. 1 Week Ago
West Texas Intermediate Crude
(Nymex)
per barrel $67.34 +0.73
Brent Crude 
(ICE)
per barrel $67.22 +1.76
Natural Gas 
(Nymex)
MMBtu $2.76 +0.09

 

Refined Products (U.S. Average)

Units Price Change vs. 1 Week Ago
Diesel per gallon $3.079 +0.003
Gasoline per gallon $2.471 +0.049
Heating Oil per gallon $3.234 +0.004
Propane per gallon $2.425 -0.005

 

 

Lumber Prices

A sense among traders that winter is coming to a close led to an uptick in trading in some framing lumber species. However, firming prices late last week weren’t enough to offset declining prices earlier in the week.

Snow and freezing temperatures in northern markets and continued rain in southern markets led to another week of stagnant trading in structural panels.

 

Framing Lumber & Plywood Products

Current 1 Week Ago 2 Weeks Ago Change vs. 1 Week Ago
Framing Lumber Index $364 $377 $377 -$7
Structural Panel
Index
$378 $378 $378 $0

 

Sources: Random Lengths, EIA (1), EIA (2), BloombergCNBC

 

 


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