Article

Commodities: Gas on the rise, cheese staying steady

As we inch closer to the upcoming Memorial holiday, gas continues to rise, but the week saw few changes in cheese and wheat.

May 13, 2015 by Nicole Troxell — Associate Editor, Networld Media Group

As we inch closer to the upcoming Memorial holiday, gas continues to rise, but the week saw few changes in cheese and wheat.

Here's a glimpse at the market:

Cheese

Block cheese prices averaged $1.61 once again on the Chicago Mercantile Exchange, for the second week in a row.

Prices remained steady throughout the week.

Wheat

Wheat averaged $5.20 last week on the Minneapolis Grain Exchange, down from $5.26 the previous week.

Wheat closed at $5.16 Monday, $5.13 Tuesday, $5.27 Wednesday, $5.18 Thursday and $5.28 Friday.

Gasoline and diesel fuel

The nationwide average for regular unleaded gasoline was $2.66, up from $2.62 the previous week, according to AAA and the Oil Price Information Service.

Mid-range unleaded came in at $2.87, while premium unleaded price tipped the three-dollar mark again at $3.06, up from $3.01 the previous week.

The nationwide average for diesel fuel is $2.85, up from $2.82 last week.

Natural Gas

The prices at most trading locations increased through the report week. Henry Hub spot prices started the week at $2.56/MMBtu, and rose 19¢ to $2.75/MMBtu.

At the New York Mercantile Exchange (Nymex), the June prompt month contract opened the report week at $2.606/MMBtu, increased during the week and ended up at $2.776/MMBtu.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $90.39 Friday, down slightly from $91.01 the previous week.

Domino's finished last week at $109 .06, up from $108.34, the previous week, and achieved a 52-week high of $114.

Papa John's finished at $65.63 Friday, up more than $3 from $62.10 the previous week.

Papa Murphy's turned in at $17.87 Friday, up from $17.29 the previous Friday. FRSH's 52-week high came in at $20 and its low at $8.08 this year.

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