Diesel, Lumber, And Staffing News – November 6, 2018





National average diesel price per gallon: $3.338

National Average Diesel Price Per Gallon: $3.34

Since October 30, BP, Chevron, and Exxon Mobil have all seen jumps in earnings as well as profits that beat quarterly expectations.

“Our strong financial results reflect higher production and crude oil prices,” said Chevron Chairperson and CEO Michael Wirth.

And according to Chevron Chief Financial Officer Patricia Yarrington, the company expects its oil and gas production to grow by about 7% in 2018.







Framing lumber: $337

Panels/plywood: $387

Trading in framing lumber did pick up last week, but not enough to lift prices, which have been in a continuous decline since July.

Structural panel products likewise saw an increase in trading and a more active market. But this increase in trading was only enough to ease falling prices, not raise them.






Competition for qualified retail workers for the 2018 holiday season remains fierce in this tight labor market.

In anticipation of tougher-than-usual competition for seasonal workers, retailers like Amazon and J.C. Penney started their holiday hiring in June and July – months earlier than in previous years.

“We saw an 80 percent increase in total hires from July through early September,” said Kohl’s spokesperson Jen Johnson. “[And] most candidates have walked out of their interview with a job offer.”






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