Aug. 29, 2010
Block cheese prices stayed flat last week on the Chicago Mercantile Exchange, averaging just under $1.67 per pound, up 4 cents from last week.
Cheese prices are up 21 percent compared with last year, when they averaged $1.38 per pound.
Wheat is trending in the solid $7 range again, fueling concern of runaway futures prices in the wake of a Russian ban on grain exports.
Prices for wheat on the Minneapolis Grain Exchange closed at $7.07, a 7-cent increase from $7 the previous Friday.
Wheat prices closed at just under $7.16 on Monday, $7.05 on Tuesday, $6.90 per bushel Wednesday, and $7 per bushel Thursday.
Gasoline and diesel fuel
The nationwide average for regular unleaded gasoline was $2.68 per gallon Aug. 30, according to AAA and the Oil Price Information Service, down 3 cents from the previous week’s average of 2.71. Prices are relatively flat from $2.74 per gallon a month ago and up 3 percent from an average of $2.61 per gallon this time last year. Mid-range unleaded currently averages $2.84 per gallon while premium unleaded as of August 30 stood at $2.95 per gallon.
The nationwide average price for diesel fuel stood at $2.95 per gallon August 27, down 1 percent from the previous week. Diesel prices are up 9 percent from an average of $2.70 per gallon this time last year.
Since August 18, natural gas spot prices fell at most markets across the lower 48 states, according to the Energy Information Administration. Although a majority of markets posted declines of as much as $1.36 per million Btu (MMBtu), select western market locations posted relatively narrow gains on the week. The Henry Hub natural gas spot price fell $0.36 per MMBtu, or about 8 percent, averaging $3.99 per MMBtu in trading August 25, falling below $4 per MMBtu for the first time since May 7.
Pizza company stocks
Shares in Pizza Hut parent Yum! Brands Inc. closed at $42.32 on Aug. 27, flat compared with the previous week's close. Yum! traded at a 52-week high of $44 in April 2010 and a 52-week low of $32.49 in October 2009.
Domino's closed at $12.86, down 22 cents compared with the previous Friday's close of $13.08. DPZ traded as high as $16.32 in April 2010 and as low as $7.09 in August 2009.
Papa John's stock closed at $24.10, up 13 cents compared with the previous Friday's close of $23.97. PZZA traded at a 52-week high of $28.84 in May 2010 and a 52-week low of $21.44 in December 2009.
Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $31.79, up 23 cents compared with the previous week's close of $31.56. CEC traded at a 52-week high of $41.79 in April 2010 and a 52-week low of $24.69 in October 2009.
California Pizza Kitchen closed at $15.27 on Aug. 27, down 13 cents from the previous week's close of $15.40. CPKI traded as high as $22.92 in April 2010 and as low as $12.29 in December 2009.
Pizza Inn closed at $1.87 on Aug. 27, down 13 cents from the previous week's close of $12. PZZI traded at a 52-week high of $2.20 in April 2010 and a 52-week low of $1.50 in December 2009.