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Diesel And Lumber Prices - April 30, 2019 - Spec On The Job

Written by Kat Tallman | Apr 30, 2019 1:14:15 PM

Source: Elliot Smith, CNBC

 

Oil prices continue to surge. Since December 2018, prices have risen about 40%.

But analysts are predicting that the price increase won’t last, citing a slowdown in global growth and an increase in U.S. oil output.

 

 

 

Petroleum Prices

 

Diesel and Gasoline (U.S. Averages)

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
Diesel per gallon $3.169 $3.147 +$0.022
Gasoline per gallon $2.887 $2.841 +$0.046

 

 

Crude Oil & Natural Gas

 

Units Current Price 1 Week Ago Change vs. 1 Week Ago
West Texas Intermediate Crude
(Nymex)
per barrel $63.43 $65.64 -$2.21
Brent Crude 
(ICE)
per barrel $72.59 $74.10 -$1.51
Natural Gas 
(Nymex)
MMBtu $2.58 $2.52 +$0.06

 

 

Lumber Prices

 

Framing Lumber & Plywood Products

 

Current 1 Week Ago 2 Weeks Ago Change vs. 1 Week Ago
Lumber – Random Lengths $351 $350 $353 +$1
Panels – Random Lengths $354 $357 $361 -$3
Board Feet (per 1000) $336.70 $323.60 $348 +$13.10

 

 

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 3.9% 4.4%
May 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: Random Lengths, EIA, Trading EconomicsBloomberg

 

 

 

 

 

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