by Bill McBride on 5/17/2015 08:58:00 PM
Sunday, May 17, 2015
• At 10:00 AM ET, the May NAHB homebuilder survey. The consensus is for a reading of 57, up from 56 last month. Any number above 50 indicates that more builders view sales conditions as good than poor.
• Schedule for Week of May 17, 2015
From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures and DOW futures are mostly unchanged (fair value).
Oil prices were up over the last week with WTI futures at $59.79 per barrel and Brent at $66.90 per barrel. A year ago, WTI was at $100, and Brent was at $108 - so, even with the recent increases, prices are down 40%+ year-over-year.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are up to $2.70 per gallon (down less than $1.00 per gallon from a year ago).
If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.
|Orange County Historical Gas Price Charts Provided by GasBuddy.com|