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Diesel And Lumber Prices - April 2, 2019 - Spec On The Job

Written by Kat Tallman | Apr 2, 2019 11:08:37 AM

Source: Natasha Turk, CNBC

 

Diesel Prices

National Average Diesel Price Per Gallon: $3.078

Oil prices slipped last week after news of a sharp increase in U.S. crude stockpiles.

However, analysts say the drop is only temporary.

According to Robin Mills, CEO of Qamar Energy, “Demand continues to be fairly good, OPEC+ compliance is high, the production cuts deal is planned to continue, output in Venezuela will keep deteriorating and Iranian exports are still under pressure.”

 

Crude Oil & Natural Gas

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
West Texas Intermediate Crude
(Nymex)
per barrel $62.09 $59.82 +2.27
Brent Crude 
(ICE)
per barrel $69.18 $68.13 +1.05
Natural Gas 
(Nymex)
MMBtu $2.69 $2.71 -0.02

 

Refined Products (U.S. Average)

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
Diesel per gallon $3.078 $3.080 -0.002
Gasoline per gallon $2.691 $2.623 +0.068
Heating Oil per gallon $3.219 $3.219 0.000
Propane per gallon $2.397 $2.410 -0.013

 

 

Lumber Prices

 

Framing Lumber & Plywood Products

 

Current 1 Week Ago 2 Weeks Ago Change vs. 1 Week Ago
Lumber – Random Lengths $360 $361 $362 -$1
Panels – Random Lengths $370 $374 $377 -$4
Board Feet (per 1000) $365.70 $360.20 -$5.50

 

Sources: Random Lengths, EIA (1), EIA (2)Trading EconomicsBloombergCNBC

 

 

 

 

 

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