About 15 percent of U.S. gas stations report sub-$3 prices

Nov. 11, 2013 | by Alicia Kelso

Cheese prices fell 8 cents throughout last week, while wheat prices also continued to tumble.

Gas is expected to reach its lowest point in three years, with a handful of states reporting sub-$3 prices. 

GasBuddy.com analyst Patrick DeHaan told a Seattle Fox affiliate that 15 percent of all stations in the U.S. are selling gas under $3/gallon, calling that level "psychologically important." 



After weeks on the rise, cheese prices were stable last week on the Chicago Mercantile, averaging $1.88, even from the week prior. Cheese averaged $1.76 a month ago.

Prices closed at $1.90 Monday through Thursday, and fell to $1.82 on Friday.


Wheat prices continued to fall last week on the Minneapolis Grain Exchange, averaging $7.12, from $7.31 the week prior. Wheat was $7.52 a month ago.

Prices closed at $7.19 Monday, $7.13 Tuesday, $7.12 Wednesday, $7.09 Thursday and $7.08 on Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel today is $3.18, down from $3.25 last week. According to the AAA and the Oil Price Information Service, prices a month ago were $3.34.

Last year at this time, consumers were paying $3.43 at the pump.

Today's mid-range unleaded is $3.37, down from $3.43 the week prior. Premium gas is $3.54, from $3.60 last week.

Diesel fuel prices are averaging $3.82, from $3.84 the week prior. The price of diesel fuel was $3.87 a month ago and $4.00 last year.

Natural gas

Natural gas prices fell across most of the country over the report week (Oct. 30-Nov. 6). The Henry Hub spot price closed yesterday at $3.45 per million British thermal units (MMBtu), down 10 cents from $3.55/MMBtu at the beginning of the report week. This week, the Henry Hub spot price reached its lowest point in 12 weeks.

At the New York Mercantile Exchange (Nymex), the December contract settled at $3.498/MMBtu Nov. 6, down 12 cents/MMBtu for the report period.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed last week at $69.80, up from $67.62 the week prior. The company's 52-week low was in early February at $59.68. The company hit a new 52-week high of $75.13 in August.

Domino's finished last week at $66.70, down slightly from $67.06 the week prior. DPZ hit a 52-week high in early October, at $69.92. Its 52-week low was $39.10 a year ago.

Papa John's finished Friday at $75.96, up from $75.67 the week prior. The company hit a new 52-week high earlier in the week at $78.51 after a positive earnings report. The company hit its 52-week low of $46.42 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $44.02, down from $46.35 the week prior, following a same-store sales decline reported for Q3. The company hit a fresh 52-week high in October at $47.78. Its low was a year ago at $28.95.

Pizza Inn Holdings closed out last week at $8.12, a slight drop from $8.19 the week prior. The company's 52-week high was $9.18 in May. It traded as low as $2.67 a year ago.

Read more about supply chain news.


Topics: Cheese , Chuck E. Cheese's Pizza , Domino's Pizza , Equipment & Supplies , Operations Management , Papa John's , Pizza Hut , Pizza Inn

Alicia Kelso / Alicia has been a professional journalist for 15 years. Her work with FastCasual.com, QSRweb.com and PizzaMarketplace.com has been featured in publications around the world, including NPR, Good Morning America, Voice of Russia radio, Consumerist.com and Franchise Asia magazine.
View Alicia Kelso's profile on LinkedIn

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