Gas, wheat, cheese prices slightly up this week

 
July 31, 2011 | by Cherryh A. Butler

Cheese

Average block cheese prices slightly increased to $2.15 on the Chicago Mercantile Exchange. The previous week's average was $2.14.

Cheese prices stayed at $2.15 Monday through Friday.

Wheat

Wheat prices came in at $8.39 last week on the Minneapolis Grain Exchange, a 4-cent increase from last week's $8.35.

Wheat closed at $8.30 Monday, $8.39 Tuesday, $8.51 Wednesday, $8.47 Thursday and $8.31 Friday.

Gasoline and diesel fuel

Monday's nationwide average for regular unleaded gasoline was $3.70, a 1-cent increase over last week's $3.64, according to AAA and the Oil Price Information Service.

Prices are also up from $3.56 a month ago and remain nearly a dollar higher than last year, when consumers were paying $2.73 at the pump.

Mid-range unleaded is $3.82 for the second week in a row, while today's premium unleaded price is $3.95, a 1-cent increase over last week's $3.94.

The nationwide average for diesel fuel is $3.96 for the second week in a row. Diesel prices were also $3.96 a month ago, but they are almost a dollar higher than this time last year when prices were $2.95.

Natural Gas

As last week's Eastern heat wave subsided, natural gas prices declined at market locations across the lower 48 States. The spot price at the Henry Hub decreased 18 cents from $4.64 per million Btu (MMBtu) last Wednesday, July 20, to $4.46 per MMBtu on July 27.

Pizza company stocks

Pizza Hut parent Yum! Brands Inc. dropped again this week, coming in at $52.82, down from $54.37 and $55.12 the last two weeks, respectively. The company hit its 52-week high three weeks ago when shares were $56.72. Yum! traded at a 52-week low of $38.53 in July 2010.

Domino's is on a winning streak, finishing this week at $26.87 and claiming a new 52-week high. It finished almost a dollar higher than last week's $25.91. Shares are also substantially higher over this time last year when the company traded as low as $12.21 in July 2010.

Papa John's dropped for the third week in a row, finishing at $31.21, down from last week's $31.59. The company hit its 52-week high seven weeks ago at $34.12. Papa John's traded at a 52-week low of $22.78 in July 2010.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, dropped significantly this week to $38.70 after finishing at $41.32 last week, it's 52-week-high. However, prices are still up over last year when CEC traded as low as $30.44 in August 2010.

Pizza Inn finished at $2.88 for the second week in a row. Its 52-week high was three weeks ago when it finished at $3.26. It traded as low as $1.86 in August 2010.


Topics: Cheese , Chuck E. Cheese's Pizza , Domino's Pizza , Dough , Equipment & Supplies , Food & Beverage , Papa John's , Pizza Hut , Pizza Inn , Pizza Toppings


Cherryh A. Butler / Cherryh Butler has been a reporter for nearly 10 years, writing on a variety of topics ranging from the restaurant industry to business and health and fitness news. Before joining FastCasual.com as editor, she oversaw KioskMarketplace.com and PizzaMarketplace.com and contributed to RetailCustomerExperience.com. She's also written for several daily newspapers, magazines and websites, including The Kansas City Star and American Fitness magazine.
www View Cherryh A. Butler's profile on LinkedIn

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