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Diesel and Lumber Price Tracker

Diesel Prices - Week of October 15, 2017

Diesel Pricing News

Both domestic and international forces are pushing up the price of diesel. The U.S. oil rig count fell for a fourth time in the last five weeks.

And on Sunday, there was an explosion on a drilling rig in Louisiana's Lake Pontchartrain, which also caused prices to rise. One worker remains missing after the explosion.

Tensions in the Middle East also caused an increase in global petroleum prices. Iraq's Kurdistan briefly shut down around 350,000 barrels per day of production due to security concerns.

Renewed worries over U.S. sanctions against Iran also drew attention in the market.

Lumber Prices - Week of October 15, 2017

Lumber Pricing News

The five-week climb in the price of framing lumber finally leveled off. There was no change from last week's price.

Structural panel prices did rise for the seventh straight week, but only by $2. This is a much smaller change than in recent weeks, especially when compared to the steep climb in prices during the first three weeks of September.

 

Sources: IADD-Intl.orgNBC NewsCNBC.com

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