National Average Price Per Gallon: $3.23
Changes to maritime fuel standards are expected to boost the diesel oil market.
On January 1, 2020, the International Maritime Organization will enforce new emissions standards for the world’s ships.
The move is expected to create an oversupply of high-sulfur fuels as maritime shippers switch to fuels that are compliant with the new rules.
“We expect to see a resurgence in the use of [diesel],” said Richard Robinson, manager of the Ashburton Global Energy Fund.
Framing lumber: $451
Framing lumber prices continued to increase after strong trading activity at the start of last week. However, momentum did fade as the week progressed.
Despite only measured trading, structural panels prices showed gains versus the previous week. Small increases were posted at midweek in most product-producing regions.
Workers who don’t have a high school diploma were the hardest hit during the Great Recession. But now, the strong economy is boosting employment for workers in this group.
According to the Bureau of Labor Statistics’ latest report, the unemployment rate for workers without a high school diploma has fallen to 5.1% – the lowest rate since 1992. (In comparison, the unemployment rate in this group was 15.6% in 2009, when the economy was hardest hit by the Great Recession.)