Diesel And Lumber Prices – April 23, 2019

 

Current diesel national average $3.147 per gallon.

The Trump Administration announced on April 22 that it will move to curb Iran’s oil output by ending exemptions to sanctions against the country.

The move caused an immediate rise in crude prices as traders brace for a restricted supply.

 

 

 

Petroleum Prices

 

Diesel and Gasoline (U.S. Averages)

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
Diesel per gallon $3.147 $3.118 +0.029
Gasoline per gallon $2.841 $2.828 +0.013

 

 

Crude Oil & Natural Gas

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
West Texas Intermediate Crude
(Nymex)
per barrel $65.64 $63.72 +1.92
Brent Crude 
(ICE)
per barrel $74.10 $71.34 +2.76
Natural Gas 
(Nymex)
MMBtu $2.52 $2.59 -0.07

 

 

Lumber Prices

 

Framing Lumber & Plywood Products

 

Current 1 Week Ago 2 Weeks Ago Change vs. 1 Week Ago
Lumber – Random Lengths $350 $353 $358 -$3
Panels – Random Lengths $357 $361 $366 -$4
Board Feet (per 1000) $323.60 $348 $345.50 -$24.40

 

 

Latest Jobs Report

 

According to the Federal Reserve, economic activity “expanded at a slight-to-moderate” pace in March and early April.

Employment continues to increase nationwide, with the biggest gains in high-skilled jobs. However, shortages of skilled laborers in manufacturing and construction continue to restrain growth in these industries.

Many regions of the U.S. saw decreases in lumber prices and increases in oil prices.

The average wage rose 3.2% versus a year ago, to $27.70 per hour.

 

U.S. Unemployment Rates

2019 2018 2017
January 4.0% 4.1% 4.8%
February 3.8% 4.1% 4.7%
March 3.8% 4.1% 4.5%
April 3.9% 4.4%
May 3.8% 4.3%
June 4.0% 4.4%
July 3.9% 4.3%
August 3.9% 4.4%
September 3.7% 3.7%
October 3.7% 4.1%
November 3.7% 4.1%
December 3.9% 4.1%

 

Sources: Random Lengths, EIA, Trading EconomicsBloombergCNBC

 

 


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