Average block cheese prices rose again last week on the Chicago Mercantile Exchange, coming in at an average of $2, up from $1.98 the week prior.
Prices were $1.99 Monday and Tuesday, $2 Wednesday and Thursday, and $2.02 Friday.
Cheese remains up from last year’s average of $1.63 per pound.
Wheat prices jumped up to an average of $9.38 last week on the Minneapolis Grain Exchange. The previous week’s average was $9.05.
Wheat closed at $9.30 Monday, $9.31 Tuesday and Wednesday, $9.46 Thursday and $9.53 Friday.
Gasoline and diesel fuel
Gas prices continue to climb. Today’s nationwide average for regular unleaded gasoline is $3.50, up from $3.36 the previous week, according to AAA and the Oil Price Information Service.
Prices also remain up from a month ago, when they were $3.12, and from this time last year, when consumers were paying $2.74 at the pump.
Mid-range unleaded currently averages $3.64, while premium unleaded Monday was just under $3.77.
The nationwide average for diesel fuel stood at $3.87, a bump from $3.71 per gallon last week. Diesel prices also remain up from $3.48 a month ago, and from $2.89 a year ago.
Natural gas prices showed continued relative weakness during the report week. The spot price at the Henry Hub fell from $3.83 per million Btu (MMBtu) on February 23 to $3.79 per MMBtu on March 2.
Pizza company stocks
Shares in Pizza Hut parent Yum! Brands Inc. closed at $50.97 Friday, up from $50.01 the previous week. The company traded at an all-time 52-week high of $52.47 in November 2010, and a 52-week low of $32.49 in February 2010.
Domino’s closed at its 52-week high of $17.32 Friday, which was an increase from the previous week’s closing of $16.79. DPZ’s previous 52-week high was in early February at $17.16. Domino’s traded as low as $10.64 in February 2010.
Papa John's stock closed at $29.40 Friday, a boost from its previous week’s closing of $29.00. Papa John’s 52-week high was in early February, at $29.57. The company traded at a 52-week low of $21.77 in February 2010.
Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $37.65 Friday, a drop from its previous week’s closing of $37.80. CEC traded at a 52-week high of $41.79 in April 2010, and a 52-week low of $30.84 Aug. 13, 2010.
California Pizza Kitchen closed at $16.18 Friday, down from its previous week’s closing of $16.76 Friday. CPKI traded as high as $22.92 in April 2010, and as low as $13.19 in July 2010.
Pizza Inn turned in at $1.98 Friday, even from the previous week. PZZI traded at a 52-week high of $2.20 in April 2010, and a 52-week low of $1.55 in January 2010.
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.