Natural gas prices up 'substantially'

 
Dec. 16, 2013 | by Alicia Kelso

While natural gas prices jumped "substantially" last week, fuel fell 4 cents and wheat continued its downward spiral, hitting its lowest average price in years.

Cheese

Cheese prices averaged $1.89 last week on the Chicago Mercantile, matching its average price from the week prior. Cheese prices averaged $1.75 two months ago.

Prices closed at $1.87 Monday, $1.88 Tuesday, $1.89 Wednesday, $1.91 Thursday and $1.92 on Friday.

Wheat

Wheat prices continued to fall last week on the Minneapolis Grain Exchange and are at their lowest level in years, averaging $6.55, down nearly 20 cents from $6.73 the week prior.

Wheat was more than $7.50 two months ago.

Prices closed at $6.68 Monday, $6.58 Tuesday and Wednesday, $6.52 Thursday and $6.42 on Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel today is $3.22, down 4 cents from $3.26 the week prior. According to the AAA and the Oil Price Information Service, prices a month ago were $3.20.

Last year at this time, consumers were paying $3.25 at the pump.

Today's mid-range unleaded is $3.40,down from $3.44 the week prior. Premium gas is $3.58, from $3.61 last week.

Diesel fuel prices are averaging $3.84, down a penny from $3.85 the week prior. The price of diesel fuel was $3.81 a month ago and $3.93 last year.

Natural gas

Natural gas spot prices increased substantially at most trading locations in the country. The Henry Hub spot price rose from $3.88/MMBtu Dec. 4, to $4.24/MMBtu Dec. 11.

At the New York Mercantile Exchange, the January 2014 contract rose from $3.960/MMBtu Dec. 4 to $4.337/MMBtu Dec. 11.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed out last week at $71.81, down from $74.39 the week prior. The company hit a new 52-week high last month, at $78.68. Its 52-week low was in early February, at $59.68.

Domino's finished last week at $69.19, down slightly from $69.31 the week prior. DPZ hit a new 52-week high earlier in the week, at $71.17. Its 52-week low was $42.13 a year ago.

Papa John's shares finished last week at $86.16, up from $85.41 the week prior. PZZA hit a new 52-week high earlier in the week at $88.33. Its 52-week low was $49.88 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $43.57, down from $44.65 the week prior. The company's 52-week-high was last month at $48.30. Its annual low was a year ago at $28.95.

Pizza Inn Holdings closed out last week at $8.24, down from $8.35 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 provided by Wikimedia.


Topics: Equipment & Supplies


Alicia Kelso / Alicia Kelso 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

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