Diesel And Lumber Prices – June 25, 2019


Source: Sam Meredith, CNBC


 

A rise in tensions between the U.S. and Iran caused a climb in crude prices. The prospect of a military conflict caused Brent crude to jump 5% last week, and West Texas Intermediate benchmark to rise by 10%.

 

Current diesel national average $3.043 per gallon.

 

Petroleum Prices

 

Diesel and Gasoline (U.S. Averages)

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
Diesel per gallon $3.043 $3.070 -$0.027
Gasoline per gallon $2.654 $2.670 -$0.016

 

 

Crude Oil & Natural Gas

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
West Texas Intermediate Crude
(Nymex)
per barrel $58.17 $52.18 +$5.99
Brent Crude 
(ICE)
per barrel $65.40 $60.99 +$4.41
Natural Gas 
(Nymex)
MMBtu $2.28 $2.38 -$0.10

 

 

Lumber Prices


Source: Random Lengths


News broke Monday of another mill closure in British Columbia, which shifted trading in most framing lumber species to a higher gear. Structural panel trading displayed more energy…supply-side concerns pulled buyers into the market following recent curtailment announcements in Western Canada.

 

 

Framing Lumber & Plywood Products

 

Current 1 Week Ago 2 Weeks Ago Change vs. 1 Week Ago
Lumber – Random Lengths $345 $326 $319 +$19
Panels – Random Lengths $334 $333 $341 +$1
Board Feet (per 1000) $394.30 $392.30 $343.30 $2

 

 

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 3.6% 3.9% 4.4%
May 3.6% 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: EIA, Trading EconomicsBloomberg

 

 


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