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Diesel Prices
National Average Diesel Price Per Gallon: $3.080
Back in February the International Energy Agency warned that global oil supply was on track to outpace demand.
However, analyst Helima Crof of RBC Capital Markets has a positive outlook on the future of oil prices.
“The question is, what does Donald Trump do in May? Does he try to take more Iranian exports off the market? Does he also try to impose secondary sanctions on Venezuela and force Venezuela’s importers out of the market?” Croft asked. “I think those are the sort of bull stories for oil.”
Crude Oil & Natural Gas
| Units | Current Price | 1 Week Ago | Change vs. 1 Week Ago | |
|---|---|---|---|---|
| West Texas Intermediate Crude (Nymex) |
per barrel | $59.82 | $59.04 | +0.78 |
| Brent Crude (ICE) |
per barrel | $68.13 | $67.59 | +0.54 |
| Natural Gas (Nymex) |
MMBtu | $2.71 | $2.86 | -0.15 |
Refined Products (U.S. Average)
| Units | Current Price | 1 Week Ago | Change vs. 1 Week Ago | |
|---|---|---|---|---|
| Diesel | per gallon | $3.080 | $3.070 | +0.010 |
| Gasoline | per gallon | $2.623 | $2.548 | +0.075 |
| Heating Oil | per gallon | $3.219 | $3.229 | -0.010 |
| Propane | per gallon | $2.410 | $2.414 | -0.004 |
Lumber Prices
Framing Lumber: $361
Structural Panels/Plywood: $374
Framing lumber prices were inconsistent last week, leading to uncertainty for both buyers and sellers about market trends.
Despite warmer weather, structural panel sales lacked urgency. Prices across producing regions were mixed amid uneven demand.
Framing Lumber & Plywood Products
| Current | 1 Week Ago | 2 Weeks Ago | Change vs. 1 Week Ago | |
|---|---|---|---|---|
| Framing Lumber Index | $361 | $362 | $364 | -$1 |
| Structural Panel Index |
$374 | $377 | $378 | -$3 |
Sources: Random Lengths, EIA (1), EIA (2), Bloomberg, CNBC
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