Gas prices stable heading into holiday shopping season

 
Dec. 2, 2013 | by Alicia Kelso

Public pizza companies continue to benefit from a bullish market heading into the final weeks of 2013, with Pizza Hut parent Yum! Brands up nearly $10 in less than a month.

Meanwhile, wheat prices remained under $7 for a second week in a row, and prices at the pump are relatively stable heading into the busy shopping season. Here is a further breakdown:

Cheese

Cheese jumped 4 cents last week on the Chicago Mercantile, averaging $1.86, from $1.82 the week prior.

Prices closed at $1.85 Monday, $1.86 Tuesday and $1.88 on Wednesday. The markets were closed Thursday and Friday for the Thanksgiving holiday.

Wheat

Wheat prices continued to fall last week on the Minneapolis Grain Exchange, averaging $6.92, down from $6.96 the week prior. Wheat was more than $7.50 a month and a half ago.

Prices closed at $7 Monday, $6.95 Tuesday, $6.90 Wednesday and $6.86 on Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel today is $3.26, down slightly from $3.28 last week. According to the AAA and the Oil Price Information Service, prices a month ago were also $3.26.

Last year at this time, consumers were paying $3.39 at the pump.

Today's mid-range unleaded is $3.43, from $3.45 the week prior. Premium gas is $3.61, from $3.62 last week.

Diesel fuel prices are averaging $3.84, from $3.82 the week prior. The price of diesel fuel was $3.84 a month ago and $4.01 last year.

Natural gas

Natural gas spot prices fell slightly over most of the country, with the exception of prices in the Northeast. The Henry Hub spot price declined from $3.68/MMBtu Nov. 13, to $3.62/MMBtu Nov. 20.

At the New York Mercantile Exchange, however, the December 2013 contract rose from $3.566/MMBtu Nov. 13 to $3.674 Nov. 20.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed out last week at $77.59, up big from $74.92 the week prior and $69.80 less than a month ago. The company hit a new 52-week high two weeks ago, at $78.68. Its 52-week low was in early February, at $59.68.

Domino's finished last week at $69.31, up slightly from $69.15 the week prior. DPZ hit a new 52-week high two weeks ago, at $70.10. Its 52-week low was $40.30 a year ago.

Papa John's shares rose to $85.41, from $85.34 the week prior. PZZA shares are nearly $10 higher than they were last month. The company hit a new 52-week high earlier last week at $86.77. Its 52-week low was 48.30 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $47.75, up from $46.53 the week prior. The company hit a new 52-week high earlier in the week at $48.30. Its low was a year ago at $28.95.

Pizza Inn Holdings closed out last week at $8.52, down slightly from $8.69 the week prior. The company's 52-week high was $9.18 in May. It traded as low as $3.03 a year ago.

Read more about supply chain news.

Photo courtesy of AAA NewsRoom.


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 QSRweb.com and PizzaMarketplace.com has been featured in publications around the world, including Good Morning America, Voice of Russia radio, Consumerist.com and Franchise Asia magazine.
View Alicia Kelso's profile on LinkedIn

Related Content


Latest Content


comments powered by Disqus

 

TRENDING

 

WHITE PAPERS